Commodity Prices

Gold •679 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,157.00	-40.30	-1.83%
WTI Crude •11 mins	100.87	-0.15	-0.15%
Gasoline •11 mins	3.600	-0.019	-0.52%
Ethanol •679 days	2.161	+0.000	+0.00%
Silver •679 days	30.82	+1.16	+3.92%

Silver • 679 days	30.82	+1.16	+3.92%
Copper • 679 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	105.42	-0.21	-0.20%
Natural Gas • 11 mins	2.871	+0.007	+0.24%
Heating Oil • 12 mins	3.947	-0.019	-0.49%

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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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