Commodity Prices

Gold •695 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,929.50	+2.20	+0.11%
WTI Crude •9 hours	87.36	-1.54	-1.73%
Gasoline •9 hours	3.034	-0.067	-2.14%
Ethanol •695 days	2.161	+0.000	+0.00%
Silver •695 days	30.82	+1.16	+3.92%

Silver • 695 days	30.82	+1.16	+3.92%
Copper • 695 days	4.530	+0.111	+2.51%
Brent Crude • 8 hours	91.12	-1.58	-1.70%
Natural Gas • 9 hours	3.290	+0.005	+0.15%
Heating Oil • 9 hours	3.489	-0.064	-1.79%

Headlines

1,080 days Will The ECB Continue To Hike Rates?
1,080 days Forbes: Aramco Remains Largest Company In The Middle East
1,082 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,482 days Could Crypto Overtake Traditional Investment?
1,486 days Americans Still Quitting Jobs At Record Pace
1,488 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,491 days Is The Dollar Too Strong?
1,492 days Big Tech Disappoints Investors on Earnings Calls
1,493 days Fear And Celebration On Twitter as Musk Takes The Reins
1,494 days China Is Quietly Trying To Distance Itself From Russia
1,495 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,498 days Crypto Investors Won Big In 2021
1,499 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,500 days Food Prices Are Skyrocketing As Putin’s War Persists
1,502 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,502 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,505 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,506 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,506 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,508 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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 - Targeting Again 1.3000

By - Feb 13, 2017, 6:41 AM CST

USD/CAD is pushing lower. The pair had largely bounced higher from former support given at 1.3000 (22/09/2016 low). Hourly resistance can be found far away at 1.3353 (20/01/2017 high). Yet, as long as this resistance is not broken (20/01/2017 high), the pair should head lower towards support at 1.2823 (07/09/2016 low).

In the longer term, there is a golden cross with the 50 dma crossing the 200 dma indicating further upside pressures. Strong resistance is given at 1.4690 (22/01/2016 high). Long-term support can be found at 1.2461 (16/03/2015 low).

Daily Technical Report