Commodity Prices

Gold •143 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	975.10	+4.60	+0.47%
WTI Crude •1 day	71.24	+1.14	+1.63%
Gasoline •1 day	2.061	+0.002	+0.10%
Ethanol •143 days	2.161	+0.000	+0.00%
Silver •143 days	30.82	+1.16	+3.92%

Silver • 143 days	30.82	+1.16	+3.92%
Copper • 143 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	75.17	+0.94	+1.27%
Natural Gas • 1 day	3.129	-0.210	-6.29%
Heating Oil • 1 day	2.275	+0.001	+0.02%

Headlines

528 days Will The ECB Continue To Hike Rates?
528 days Forbes: Aramco Remains Largest Company In The Middle East
530 days Caltech Scientists Succesfully Beam Back Solar Power From Space
930 days Could Crypto Overtake Traditional Investment?
935 days Americans Still Quitting Jobs At Record Pace
937 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
940 days Is The Dollar Too Strong?
940 days Big Tech Disappoints Investors on Earnings Calls
941 days Fear And Celebration On Twitter as Musk Takes The Reins
943 days China Is Quietly Trying To Distance Itself From Russia
943 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
947 days Crypto Investors Won Big In 2021
947 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
948 days Food Prices Are Skyrocketing As Putin’s War Persists
950 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
951 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
954 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
955 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
955 days Two ETFs That Could Hedge Against Extreme Market Volatility
957 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

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).

Daily Technical Report