Commodity Prices

Gold •362 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,353.30	+10.30	+0.77%
WTI Crude •10 mins	64.95	-0.16	-0.25%
Gasoline •10 mins	2.064	-0.008	-0.38%
Ethanol •362 days	2.161	+0.000	+0.00%
Silver •362 days	30.82	+1.16	+3.92%

Silver • 362 days	30.82	+1.16	+3.92%
Copper • 362 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.57	-0.17	-0.25%
Natural Gas • 10 mins	3.403	-0.053	-1.53%
Heating Oil • 10 mins	2.264	-0.013	-0.55%

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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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