Commodity Prices

Gold •749 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,653.30	+15.40	+0.94%
WTI Crude •25 mins	86.83	+2.49	+2.95%
Gasoline •25 mins	3.415	+0.009	+0.26%
Ethanol •749 days	2.161	+0.000	+0.00%
Silver •749 days	30.82	+1.16	+3.92%

Silver • 749 days	30.82	+1.16	+3.92%
Copper • 749 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	94.80	+3.79	+4.16%
Natural Gas • 25 mins	2.925	+0.060	+2.09%
Heating Oil • 28 mins	4.149	+0.022	+0.54%

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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