Commodity Prices

Gold •380 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,456.60	-15.50	-1.05%
WTI Crude •2 hours	67.34	-0.20	-0.30%
Gasoline •2 hours	2.153	-0.017	-0.78%
Ethanol •380 days	2.161	+0.000	+0.00%
Silver •380 days	30.82	+1.16	+3.92%

Silver • 380 days	30.82	+1.16	+3.92%
Copper • 380 days	4.530	+0.111	+2.51%
Brent Crude • 51 mins	69.28	-0.24	-0.35%
Natural Gas • 2 hours	3.565	+0.023	+0.65%
Heating Oil • 2 hours	2.453	-0.012	-0.47%

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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