Commodity Prices

Gold •691 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,955.00	+15.30	+0.79%
WTI Crude •10 mins	93.33	-3.27	-3.39%
Gasoline •11 mins	3.351	-0.103	-2.97%
Ethanol •691 days	2.161	+0.000	+0.00%
Silver •691 days	30.82	+1.16	+3.92%

Silver • 691 days	30.82	+1.16	+3.92%
Copper • 691 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	99.83	+3.69	+3.84%
Natural Gas • 11 mins	2.965	+0.058	+2.00%
Heating Oil • 14 mins	3.794	-0.094	-2.40%

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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