Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	973.40	+2.90	+0.30%
WTI Crude •10 mins	70.79	+0.69	+0.98%
Gasoline •10 mins	2.054	-0.005	-0.25%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.75	+0.52	+0.70%
Natural Gas • 10 mins	3.135	-0.204	-6.11%
Heating Oil • 10 mins	2.272	-0.002	-0.09%

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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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