Commodity Prices

Gold •172 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	941.80	+5.40	+0.58%
WTI Crude •10 mins	69.83	+0.37	+0.53%
Gasoline •24 mins	1.952	+0.011	+0.54%
Ethanol •172 days	2.161	+0.000	+0.00%
Silver •172 days	30.82	+1.16	+3.92%

Silver • 172 days	30.82	+1.16	+3.92%
Copper • 172 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.28	+0.34	+0.47%
Natural Gas • 10 mins	3.911	+0.163	+4.35%
Heating Oil • 34 mins	2.252	+0.020	+0.90%

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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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