Commodity Prices

Gold •394 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,316.90	+17.80	+1.37%
WTI Crude •15 hours	67.33	-1.93	-2.79%
Gasoline •15 hours	2.119	-0.055	-2.54%
Ethanol •394 days	2.161	+0.000	+0.00%
Silver •394 days	30.82	+1.16	+3.92%

Silver • 394 days	30.82	+1.16	+3.92%
Copper • 394 days	4.530	+0.111	+2.51%
Brent Crude • 14 hours	69.67	-2.03	-2.83%
Natural Gas • 15 hours	3.083	-0.023	-0.74%
Heating Oil • 15 hours	2.300	-0.096	-4.01%

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USD/CAD: Weakening

By - Jan 02, 2013, 5:46 AM CST

USD/CAD is declining sharply after having moved above its resistance at 0.9962 (28/11/2012 high), which suggests a bearish trap. A test of the support at 0.9825 is expected. An hourly resistance can be found at 0.9910 (01/01/2013 low).

The underlying trend is negative (see mediumterm declining channel in the daily time frame). Therefore, we see the rise from 0.9633 (14/09/2012 low) 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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