Commodity Prices

Gold •409 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,345.20	-16.30	-1.20%
WTI Crude •1 day	62.80	-1.16	-1.81%
Gasoline •1 day	2.073	-0.037	-1.74%
Ethanol •409 days	2.161	+0.000	+0.00%
Silver •409 days	30.82	+1.16	+3.92%

Silver • 409 days	30.82	+1.16	+3.92%
Copper • 409 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	65.85	-0.99	-1.48%
Natural Gas • 1 day	2.916	+0.075	+2.64%
Heating Oil • 1 day	2.225	-0.010	-0.43%

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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