Commodity Prices

Gold •814 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,797.70	+32.00	+1.81%
WTI Crude •2 hours	92.82	-1.79	-1.89%
Gasoline •2 hours	3.411	-0.154	-4.31%
Ethanol •814 days	2.161	+0.000	+0.00%
Silver •814 days	30.82	+1.16	+3.92%

Silver • 814 days	30.82	+1.16	+3.92%
Copper • 814 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	104.32	-2.28	-2.14%
Natural Gas • 2 hours	3.183	-0.114	-3.46%
Heating Oil • 2 hours	4.834	+0.104	+2.19%

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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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