Commodity Prices

Gold •667 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,011.90	+17.30	+0.87%
WTI Crude •12 hours	101.94	-3.13	-2.98%
Gasoline •12 hours	3.595	-0.020	-0.55%
Ethanol •667 days	2.161	+0.000	+0.00%
Silver •667 days	30.82	+1.16	+3.92%

Silver • 667 days	30.82	+1.16	+3.92%
Copper • 667 days	4.530	+0.111	+2.51%
Brent Crude • 12 hours	108.17	-2.23	-2.02%
Natural Gas • 12 hours	2.780	+0.013	+0.47%
Heating Oil • 12 hours	3.946	-0.135	-3.30%

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USD/CAD: The Key Resistance at 0.9949 Has Been Broken

By - Oct 31, 2012, 5:49 AM CDT

USD/CAD has broken its key resistance at 0.9949, which is short-term positive. The next resistance is at 1.0085 (02/08/2012 high). An hourly support can be found at 0.9969 (intraday low). A short-term support is at 0.9889 (24/10/2012 low).

The underlying trend is negative (see mediumterm declining channel). Therefore, we see the rise from 0.9633 as a countertrend move. A medium-term resistance is at 1.0250 (12/07/2012 high, see also declining trendline).

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