Commodity Prices

Gold •142 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	974.80	+4.30	+0.44%
WTI Crude •11 mins	71.01	+0.91	+1.30%
Gasoline •10 mins	2.070	+0.011	+0.52%
Ethanol •142 days	2.161	+0.000	+0.00%
Silver •142 days	30.82	+1.16	+3.92%

Silver • 142 days	30.82	+1.16	+3.92%
Copper • 142 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	75.00	+0.77	+1.04%
Natural Gas • 10 mins	3.097	-0.242	-7.25%
Heating Oil • 10 mins	2.279	+0.005	+0.22%

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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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