Commodity Prices

Gold •484 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,589.80	-24.50	-1.52%
WTI Crude •11 mins	60.57	+0.00	+0.00%
Gasoline •29 mins	1.982	-0.021	-1.05%
Ethanol •484 days	2.161	+0.000	+0.00%
Silver •484 days	30.82	+1.16	+3.92%

Silver • 484 days	30.82	+1.16	+3.92%
Copper • 484 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.99	-0.01	-0.02%
Natural Gas • 11 mins	4.087	+0.131	+3.31%
Heating Oil • 13 mins	2.426	-0.034	-1.38%

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USD/CAD: Making New Lows

By - Jun 26, 2014, 5:50 AM CDT

USD/CAD has broken a 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). A test of the support implied by the long-term rising trendline (around 1.0632) is expected. An initial resistance now lies at 1.0752 (25/06/2014 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 1.0632) and 1.0559 (29/11/2013 low) would invalidate this long-term bullish configuration.

Daily Technical Report