Commodity Prices

Gold •384 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,469.30	-12.70	-0.86%
WTI Crude •10 mins	64.90	-0.41	-0.63%
Gasoline •10 mins	2.113	+0.011	+0.52%
Ethanol •384 days	2.161	+0.000	+0.00%
Silver •384 days	30.82	+1.16	+3.92%

Silver • 384 days	30.82	+1.16	+3.92%
Copper • 384 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.17	-0.42	-0.61%
Natural Gas • 10 mins	3.083	-0.169	-5.20%
Heating Oil • 10 mins	2.432	-0.020	-0.80%

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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