Commodity Prices

Gold •425 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,426.00	+55.50	+4.05%
WTI Crude •11 mins	64.66	+0.65	+1.02%
Gasoline •11 mins	1.994	+0.025	+1.27%
Ethanol •425 days	2.161	+0.000	+0.00%
Silver •425 days	30.82	+1.16	+3.92%

Silver • 425 days	30.82	+1.16	+3.92%
Copper • 425 days	4.530	+0.111	+2.51%
Brent Crude • 55 mins	68.15	+0.67	+0.99%
Natural Gas • 11 mins	2.981	-0.016	-0.53%
Heating Oil • 11 mins	2.308	+0.038	+1.67%

Headlines

809 days Will The ECB Continue To Hike Rates?
809 days Forbes: Aramco Remains Largest Company In The Middle East
811 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,211 days Could Crypto Overtake Traditional Investment?
1,216 days Americans Still Quitting Jobs At Record Pace
1,218 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,221 days Is The Dollar Too Strong?
1,221 days Big Tech Disappoints Investors on Earnings Calls
1,222 days Fear And Celebration On Twitter as Musk Takes The Reins
1,224 days China Is Quietly Trying To Distance Itself From Russia
1,224 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,228 days Crypto Investors Won Big In 2021
1,228 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,229 days Food Prices Are Skyrocketing As Putin’s War Persists
1,231 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,232 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,235 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,236 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,236 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,238 days Are NFTs About To Take Over Gaming?

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

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