Commodity Prices

Gold •635 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,927.60	+22.00	+1.15%
WTI Crude •11 mins	104.39	+1.51	+1.47%
Gasoline •54 mins	3.343	-0.009	-0.27%
Ethanol •635 days	2.161	+0.000	+0.00%
Silver •635 days	30.82	+1.16	+3.92%

Silver • 635 days	30.82	+1.16	+3.92%
Copper • 635 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	115.51	+2.73	+2.42%
Natural Gas • 11 mins	2.837	-0.050	-1.73%
Heating Oil • 2 hours	4.255	-0.110	-2.52%

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USD/CAD: Persistent Selling Pressures Underway

By - Jun 24, 2014, 5:21 AM CDT

USD/CAD has broken the key support at 1.0814, ending a 5 week consolidation. The momentum is negative as long as prices remain below the resistance at 1.0833 (intraday high). An initial resistance lies at 1.0776 (intraday high).

In the longer term, the technical structure looks like a rounding bottom with a minimum target at 1.1725. However, a break of the support area implied by the long-term rising trendline (around 1.0628) and 1.0559 (29/11/2013 low) would invalidate this long-term bullish configuration.

Daily Technical Report