Commodity Prices

Gold •767 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,761.60	+2.00	+0.11%
WTI Crude •11 mins	78.87	+0.69	+0.88%
Gasoline •12 mins	3.005	+0.020	+0.65%
Ethanol •767 days	2.161	+0.000	+0.00%
Silver •767 days	30.82	+1.16	+3.92%

Silver • 767 days	30.82	+1.16	+3.92%
Copper • 767 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	84.46	+0.91	+1.09%
Natural Gas • 11 mins	2.735	+0.073	+2.74%
Heating Oil • 11 mins	3.968	+0.066	+1.68%

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USD/CAD: Support at 0.9983 Has Been Broken

By - Nov 20, 2012, 5:00 AM CST

USD/CAD has broken the supports implied by the low of its short-term rising channel and by 0.9983 (09/11/2012 low). Monitor the support at 0.9947 (08/11/2012 low). An hourly resistance can be found at 0.9992 (intraday high).

The underlying trend is negative (see mediumterm declining channel in the daily time frame). 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 on a daily chart).

Daily Technical Report