Commodity Prices

Gold •624 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,968.90	-87.70	-4.26%
WTI Crude •15 mins	95.55	+0.09	+0.09%
Gasoline •16 mins	3.117	+0.019	+0.60%
Ethanol •624 days	2.161	+0.000	+0.00%
Silver •624 days	30.82	+1.16	+3.92%

Silver • 624 days	30.82	+1.16	+3.92%
Copper • 624 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	107.73	+0.35	+0.33%
Natural Gas • 15 mins	3.128	+0.063	+2.06%
Heating Oil • 15 mins	4.342	+0.144	+3.44%

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USD/CAD: Corrective Phase Underway

By - Nov 30, 2012, 5:02 AM CST

USD/CAD is moving sideways between the support at 0.9906 and the resistance at 0.9962. However, the succession of lower highs since the 16 November high favours a bearish bias. 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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