Commodity Prices

Gold •272 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	997.90	-6.70	-0.67%
WTI Crude •10 mins	70.86	-0.34	-0.48%
Gasoline •10 mins	2.300	-0.003	-0.12%
Ethanol •272 days	2.161	+0.000	+0.00%
Silver •272 days	30.82	+1.16	+3.92%

Silver • 272 days	30.82	+1.16	+3.92%
Copper • 272 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.09	-0.40	-0.54%
Natural Gas • 10 mins	4.028	+0.077	+1.95%
Heating Oil • 10 mins	2.289	+0.001	+0.02%

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USD/CAD: Challenging its Rising Trendline

By - Nov 27, 2012, 5:21 AM CST

USD/CAD is testing the support implied by its rising trendline. Resistances can be found at 0.9960 (26/11/2012 high) and 0.9992 (21/11/2012 high). A key support is at 0.9875.

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).

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