Commodity Prices

Gold •361 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,378.80	+26.90	+1.99%
WTI Crude •10 mins	65.30	-0.22	-0.34%
Gasoline •48 mins	2.085	-0.005	-0.24%
Ethanol •361 days	2.161	+0.000	+0.00%
Silver •361 days	30.82	+1.16	+3.92%

Silver • 361 days	30.82	+1.16	+3.92%
Copper • 361 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	67.64	-0.13	-0.19%
Natural Gas • 10 mins	3.634	-0.105	-2.81%
Heating Oil • 2 days	2.241	+0.000	+0.00%

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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.

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