Commodity Prices

Gold •773 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,756.90	+24.70	+1.43%
WTI Crude •1 day	82.40	+1.15	+1.42%
Gasoline •1 day	3.184	+0.056	+1.79%
Ethanol •773 days	2.161	+0.000	+0.00%
Silver •773 days	30.82	+1.16	+3.92%

Silver • 773 days	30.82	+1.16	+3.92%
Copper • 773 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	88.52	+1.45	+1.67%
Natural Gas • 1 day	2.733	+0.006	+0.22%
Heating Oil • 1 day	4.283	+0.032	+0.76%

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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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