Commodity Prices

Gold •315 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	976.40	-4.80	-0.49%
WTI Crude •10 mins	61.74	-1.41	-2.23%
Gasoline •17 mins	2.126	-0.045	-2.05%
Ethanol •315 days	2.161	+0.000	+0.00%
Silver •315 days	30.82	+1.16	+3.92%

Silver • 315 days	30.82	+1.16	+3.92%
Copper • 315 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	64.66	-1.43	-2.16%
Natural Gas • 11 mins	3.462	-0.030	-0.86%
Heating Oil • 13 mins	2.161	-0.045	-2.05%

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USD/CAD: Challenging its Recent High at 1.1174

By - Jan 29, 2014, 5:48 AM CST

USD/CAD continues to be supported by persistent buying interest. As a result, prices are now challenging the resistance implied by the recent high at 1.1174. Hourly supports can now be found at 1.1119 (intraday high) and 1.1079 (28/01/2014 low).

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. A first resistance is given by the 50% retracement of the decline from the September 2009 peak at 1.3065 (around 1.1236).

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