Commodity Prices

Gold •175 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	965.20	+0.40	+0.04%
WTI Crude •10 mins	70.13	+0.03	+0.04%
Gasoline •10 mins	1.950	-0.009	-0.45%
Ethanol •175 days	2.161	+0.000	+0.00%
Silver •175 days	30.82	+1.16	+3.92%

Silver • 175 days	30.82	+1.16	+3.92%
Copper • 175 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.64	+0.06	+0.08%
Natural Gas • 10 mins	3.692	-0.254	-6.44%
Heating Oil • 12 mins	2.225	+0.003	+0.15%

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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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