Commodity Prices

Gold •459 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,644.90	+2.80	+0.17%
WTI Crude •11 mins	61.57	+0.69	+1.13%
Gasoline •11 mins	1.880	+0.020	+1.06%
Ethanol •459 days	2.161	+0.000	+0.00%
Silver •459 days	30.82	+1.16	+3.92%

Silver • 459 days	30.82	+1.16	+3.92%
Copper • 459 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	65.26	+0.73	+1.13%
Natural Gas • 11 mins	3.469	+0.145	+4.36%
Heating Oil • 11 mins	2.258	+0.022	+0.99%

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USD/CAD: Breaks Over Daily Channel Resistamce

By - Jan 15, 2014, 5:12 AM CST

USD/CAD continues to move higher, breaking over the resistance of daily channel resistance. Longer-term structure remains strongly bullish, with scope for medium-term targets near 1.1600, close to 1.1548 (09/07/2009 high).

In the longer term, a decisive break of the major resistance at 1.0870 now validates a multiyear basing formation whose minimum upside potential is around 1.1910. Key resistances can be found at 1.1125 /17/08/2009 high) and 1.1725 (08/07/2009 high).

Daily Technical Report