Archived IMT (2010.04.15)

US CRUDE OIL remains capped at the $86.40 trend line resistance extending from the Apr 6 high despite yesterdays $2.60 rally. The failure is in line with the CRBs inability to break above the $280, which is the right shoulder resistance. For more info on the CRB Index see this link http://bit.ly/9G8Wv0 GBPUSD weekly stochastics remain bullish despite the diminishing momentum on the daily chart. Cable 4-hr chart suggests a retreat towards $1.54, but support has lifted to $1.5340. US Housing starts and Canadian manufacturing shipments due tomorrow must be closely watched as a potential boosters for USDCAD, which eyes 1.0030, followed by 1.0080.