Commodity Prices

Gold •689 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,939.70	-25.10	-1.28%
WTI Crude •1 day	96.60	+0.25	+0.26%
Gasoline •1 day	3.454	+0.074	+2.20%
Ethanol •689 days	2.161	+0.000	+0.00%
Silver •689 days	30.82	+1.16	+3.92%

Silver • 689 days	30.82	+1.16	+3.92%
Copper • 689 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	103.54	+0.96	+0.94%
Natural Gas • 1 day	2.907	-0.111	-3.68%
Heating Oil • 1 day	3.888	+0.056	+1.47%

Headlines

1,073 days Will The ECB Continue To Hike Rates?
1,074 days Forbes: Aramco Remains Largest Company In The Middle East
1,075 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,475 days Could Crypto Overtake Traditional Investment?
1,480 days Americans Still Quitting Jobs At Record Pace
1,482 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,485 days Is The Dollar Too Strong?
1,485 days Big Tech Disappoints Investors on Earnings Calls
1,486 days Fear And Celebration On Twitter as Musk Takes The Reins
1,488 days China Is Quietly Trying To Distance Itself From Russia
1,488 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,492 days Crypto Investors Won Big In 2021
1,492 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,493 days Food Prices Are Skyrocketing As Putin’s War Persists
1,495 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,496 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,499 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,500 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,500 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,502 days Are NFTs About To Take Over Gaming?

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

USD/CAD: Recovery Bounce Continues

By - Apr 22, 2014, 5:20 AM CDT

USD/CAD failure to break Fibo support at 1.0860, hurt bearish momentum. Resistances for a short-term bounce still stands at 1.1087 (27/03/2014 high) and 1.1103 and (16/04/2014 high). Other supports are given by 1.0860 (see 38.2% retracement) and 1.0738 (20/12/2013 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. The key resistance given by the 50% retracement (around 1.1236) of the decline from the September 2009 peak at 1.3065 remains thus far intact. A key support stands at 1.0911 (19/02/2014 low).

Daily Technical Report