Commodity Prices

Gold •14 mins	2,330.10	-8.30	-0.35%
Platinum •14 mins	911.30	-4.50	-0.49%
WTI Crude •10 mins	82.88	+0.07	+0.08%
Gasoline •34 mins	2.736	+0.002	+0.05%
Ethanol •56 mins	2.161	+0.000	+0.00%
Silver •14 mins	27.22	-0.13	-0.46%

Silver • 14 mins	27.22	-0.13	-0.46%
Copper • 14 mins	4.477	-0.010	-0.21%
Brent Crude • 46 mins	88.08	-0.34	-0.38%
Natural Gas • 12 mins	1.671	+0.018	+1.09%
Heating Oil • 15 mins	2.555	+0.005	+0.21%

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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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