Commodity Prices

Gold •665 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,979.70	+79.10	+4.16%
WTI Crude •11 mins	104.44	-2.44	-2.28%
Gasoline •53 mins	3.725	-0.016	-0.43%
Ethanol •665 days	2.161	+0.000	+0.00%
Silver •665 days	30.82	+1.16	+3.92%

Silver • 665 days	30.82	+1.16	+3.92%
Copper • 665 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	114.09	-3.94	-3.34%
Natural Gas • 11 mins	2.776	+0.129	+4.87%
Heating Oil • 13 mins	4.171	-0.028	-0.66%

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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