Commodity Prices

Gold •673 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	2,060.50	-1.80	-0.09%
WTI Crude •10 mins	95.27	+0.46	+0.49%
Gasoline •11 mins	3.468	+0.012	+0.35%
Ethanol •673 days	2.161	+0.000	+0.00%
Silver •673 days	30.82	+1.16	+3.92%

Silver • 673 days	30.82	+1.16	+3.92%
Copper • 673 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	101.40	+1.34	+1.34%
Natural Gas • 10 mins	2.823	+0.054	+1.95%
Heating Oil • 10 mins	3.897	+0.081	+2.11%

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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