Commodity Prices

Gold •294 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	979.30	+17.10	+1.78%
WTI Crude •10 mins	62.30	-1.37	-2.15%
Gasoline •15 mins	2.080	-0.019	-0.92%
Ethanol •294 days	2.161	+0.000	+0.00%
Silver •294 days	30.82	+1.16	+3.92%

Silver • 294 days	30.82	+1.16	+3.92%
Copper • 294 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.15	-1.29	-1.91%
Natural Gas • 10 mins	3.000	-0.007	-0.23%
Heating Oil • 11 mins	2.127	-0.022	-1.01%

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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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