Commodity Prices

Gold •273 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	982.30	-12.90	-1.30%
WTI Crude •10 mins	69.53	-2.18	-3.04%
Gasoline •10 mins	2.234	-0.097	-4.16%
Ethanol •273 days	2.161	+0.000	+0.00%
Silver •273 days	30.82	+1.16	+3.92%

Silver • 273 days	30.82	+1.16	+3.92%
Copper • 273 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	72.81	-2.14	-2.86%
Natural Gas • 10 mins	4.033	-0.022	-0.54%
Heating Oil • 10 mins	2.231	-0.091	-3.90%

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USD/CAD: Consolidating After Sharp Decline

By - Oct 09, 2012, 5:36 AM CDT

USD/CAD's wild swings on 5 October has created a support at 0.9736 (05/10/2012 low), which is strengthened by the proximity of the short-term support at 0.9726. An hourly resistance can be found at 0.9812 (05/10/2012 high).

The succession of lower highs since March 2009 favours an underlying bearish bias. Indeed, the break of the support at 0.9725 opens the way for a medium-term move towards the strong support at 0.9407. A break of the resistance at 0.9949 is needed to negate this bias.

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