Commodity Prices

Gold •361 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,339.00	-12.90	-0.95%
WTI Crude •10 mins	64.96	-0.56	-0.85%
Gasoline •14 mins	2.090	+0.020	+0.99%
Ethanol •361 days	2.161	+0.000	+0.00%
Silver •361 days	30.82	+1.16	+3.92%

Silver • 361 days	30.82	+1.16	+3.92%
Copper • 361 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.59	-0.18	-0.27%
Natural Gas • 10 mins	3.464	-0.275	-7.35%
Heating Oil • 19 mins	2.343	+0.036	+1.55%

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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