Commodity Prices

Gold •819 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,718.30	-0.60	-0.03%
WTI Crude •10 mins	92.17	+1.75	+1.94%
Gasoline •11 mins	3.316	+0.056	+1.71%
Ethanol •819 days	2.161	+0.000	+0.00%
Silver •819 days	30.82	+1.16	+3.92%

Silver • 819 days	30.82	+1.16	+3.92%
Copper • 819 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	99.76	+1.73	+1.76%
Natural Gas • 11 mins	2.961	-0.065	-2.15%
Heating Oil • 11 mins	4.685	-0.003	-0.07%

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USD/CAD - Making New Highs

By - Dec 12, 2014, 5:35 AM CST

USD/CAD continues to move in a succession of higher highs and higher lows, confirming an underlying bullish trend. Hourly supports now stand at 1.1449 (11/12/2014 low) and 1.1398 (09/12/2014 low).

In the longer term, the technical structure looks like a rounding bottom whose minimum upside potential is given by the strong resistance at 1.1725 (08/07/2009 high). However, this expected rise is likely to be very gradual. Key supports stand at 1.1192 (21/11/2014 low) and 1.1072 (02/10/2014 low). Another resistance is given by the psychological threshold at 1.20000.

Daily Technical Report