Commodity Prices

Gold •370 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,379.80	-11.50	-0.83%
WTI Crude •10 mins	68.13	-0.20	-0.29%
Gasoline •12 mins	2.187	+0.002	+0.09%
Ethanol •370 days	2.161	+0.000	+0.00%
Silver •370 days	30.82	+1.16	+3.92%

Silver • 370 days	30.82	+1.16	+3.92%
Copper • 370 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	69.95	-0.20	-0.29%
Natural Gas • 10 mins	3.313	-0.027	-0.81%
Heating Oil • 21 mins	2.439	-0.002	-0.09%

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USD/CAD - Persistent Buying Interest Near The Support at 1.0710

By - Jul 25, 2014, 5:42 AM CDT

USD/CAD remains below its declining trendline. However, the support at 1.0710 has held thus far, indicating persistent buying interest. A key resistance lies at 1.0814 (previous support, see also the 200 day moving average). Another hourly support lies at 1.0694 (08/07/2014 high).

In the longer term, the technical structure looks like a rounding bottom whose minimum upside potential is at 1.1725. However, a break of the support area implied by the long-term rising trendline (around 1.0637) and 1.0559 (29/11/2013 low) would invalidate this long-term bullish configuration.

Daily Technical Report