Commodity Prices

Gold •723 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,647.30	+28.50	+1.76%
WTI Crude •17 hours	69.23	-2.69	-3.74%
Gasoline •17 hours	2.957	-0.070	-2.32%
Ethanol •723 days	2.161	+0.000	+0.00%
Silver •723 days	30.82	+1.16	+3.92%

Silver • 723 days	30.82	+1.16	+3.92%
Copper • 723 days	4.530	+0.111	+2.51%
Brent Crude • 16 hours	71.99	-3.27	-4.34%
Natural Gas • 17 hours	3.279	-0.016	-0.49%
Heating Oil • 17 hours	3.208	-0.090	-2.73%

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USD/CAD - Weakening

By - Aug 27, 2014, 6:05 AM CDT

USD/CAD has broken the hourly support at 1.0928 after having breached the resistance at 1.0986. The resulting false breakout favours further short-term weakness towards the support at 1.0861 (15/08/2014 low, see also the 38.2% retracement). A resistance now stands at 1.0998 (26/08/2014 high). Another support lies 1.0797.

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 and 1.0559 (29/11/2013 low) would invalidate this long-term bullish configuration.

Daily Technical Report