Commodity Prices

Gold •272 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,008.70	+4.10	+0.41%
WTI Crude •10 mins	71.18	-0.02	-0.03%
Gasoline •15 mins	2.305	+0.002	+0.09%
Ethanol •272 days	2.161	+0.000	+0.00%
Silver •272 days	30.82	+1.16	+3.92%

Silver • 272 days	30.82	+1.16	+3.92%
Copper • 272 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.44	-0.05	-0.07%
Natural Gas • 10 mins	3.951	+0.000	+0.00%
Heating Oil • 12 mins	2.295	+0.006	+0.28%

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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