Commodity Prices

Gold •612 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,141.70	+12.40	+0.58%
WTI Crude •1 day	90.90	+9.89	+12.21%
Gasoline •1 day	2.747	+0.076	+2.83%
Ethanol •612 days	2.161	+0.000	+0.00%
Silver •612 days	30.82	+1.16	+3.92%

Silver • 612 days	30.82	+1.16	+3.92%
Copper • 612 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	92.69	+7.28	+8.52%
Natural Gas • 1 day	3.186	+0.183	+6.09%
Heating Oil • 1 day	3.622	+0.008	+0.22%

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USD/CAD: Surging Higher

By - Jan 23, 2014, 6:00 AM CST

USD/CAD surged higher yesterday. The resistance at 1.1125 is now challenged. Another resistance can be found at 1.1236 (see 50% retracement). Hourly supports lie at 1.1071 (intraday low) and 1.1019 (21/01/2014 high).

In the longer term, the decisive break of the major resistance at 1.0870 validates a multi-year 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