Commodity Prices

Gold •361 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,351.90	-63.10	-4.46%
WTI Crude •1 day	65.52	+0.28	+0.43%
Gasoline •1 day	2.090	-0.009	-0.44%
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 • 1 day	67.77	+0.04	+0.06%
Natural Gas • 1 day	3.739	+0.213	+6.04%
Heating Oil • 1 day	2.307	-0.053	-2.24%

Headlines

745 days Will The ECB Continue To Hike Rates?
745 days Forbes: Aramco Remains Largest Company In The Middle East
747 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,147 days Could Crypto Overtake Traditional Investment?
1,152 days Americans Still Quitting Jobs At Record Pace
1,154 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,157 days Is The Dollar Too Strong?
1,157 days Big Tech Disappoints Investors on Earnings Calls
1,158 days Fear And Celebration On Twitter as Musk Takes The Reins
1,160 days China Is Quietly Trying To Distance Itself From Russia
1,160 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,164 days Crypto Investors Won Big In 2021
1,164 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,165 days Food Prices Are Skyrocketing As Putin’s War Persists
1,167 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,168 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,171 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,172 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,172 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,174 days Are NFTs About To Take Over Gaming?

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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 - Challenging its Recent Highs

By - Sep 24, 2014, 5:15 AM CDT

USD/CAD continues to improve after its successful test of its rising channel. A break of the resistance at 1.1099 would favour further gradual strength towards the strong resistance at 1.1279. Hourly supports can be found at 1.0986 (23/09/2014 low) and 1.0927 (22/09/2014 low).

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