Commodity Prices

Gold •624 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,985.50	+41.80	+2.15%
WTI Crude •11 mins	92.91	-2.64	-2.76%
Gasoline •14 mins	3.080	-0.047	-1.51%
Ethanol •624 days	2.161	+0.000	+0.00%
Silver •624 days	30.82	+1.16	+3.92%

Silver • 624 days	30.82	+1.16	+3.92%
Copper • 624 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	105.64	-3.01	-2.77%
Natural Gas • 11 mins	3.132	-0.034	-1.07%
Heating Oil • 11 mins	4.269	-0.073	-1.68%

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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