Commodity Prices

Gold •708 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,735.10	+69.40	+4.17%
WTI Crude •11 mins	86.21	-1.50	-1.71%
Gasoline •15 mins	3.042	-0.060	-1.92%
Ethanol •708 days	2.161	+0.000	+0.00%
Silver •708 days	30.82	+1.16	+3.92%

Silver • 708 days	30.82	+1.16	+3.92%
Copper • 708 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	88.70	-1.68	-1.86%
Natural Gas • 11 mins	3.075	-0.012	-0.39%
Heating Oil • 14 mins	3.431	-0.082	-2.34%

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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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