Commodity Prices

Gold •754 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,600.30	-31.90	-1.95%
WTI Crude •11 mins	80.72	-1.89	-2.29%
Gasoline •11 mins	3.339	+0.012	+0.36%
Ethanol •754 days	2.161	+0.000	+0.00%
Silver •754 days	30.82	+1.16	+3.92%

Silver • 754 days	30.82	+1.16	+3.92%
Copper • 754 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	86.01	-2.35	-2.66%
Natural Gas • 11 mins	2.722	-0.045	-1.63%
Heating Oil • 13 mins	4.127	+0.015	+0.36%

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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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