Commodity Prices

Gold •422 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,370.50	+8.80	+0.65%
WTI Crude •1 hour	64.01	-0.59	-0.91%
Gasoline •4 hours	2.188	-0.012	-0.52%
Ethanol •422 days	2.161	+0.000	+0.00%
Silver •422 days	30.82	+1.16	+3.92%

Silver • 422 days	30.82	+1.16	+3.92%
Copper • 422 days	4.530	+0.111	+2.51%
Brent Crude • 4 hours	68.12	-0.50	-0.73%
Natural Gas • 1 hour	2.997	+0.053	+1.80%
Heating Oil • 4 hours	2.267	-0.043	-1.87%

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USD/CAD: The Key Support at 0.9875 Has Been Broken

By - Dec 11, 2012, 5:30 AM CST

USD/CAD has broken its key support at 0.9875 (07/11/2012 low), opening the way for a move towards the next support at 0.9764 (11/10/2012 low). Hourly resistances are at 0.9911 (intraday high) and 0.9934 (07/12/2012 high, see also top of the declining channel).

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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