Commodity Prices

Gold •558 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	2,348.40	-32.20	-1.35%
WTI Crude •11 mins	60.22	+0.72	+1.21%
Gasoline •11 mins	1.811	+0.017	+0.96%
Ethanol •558 days	2.161	+0.000	+0.00%
Silver •558 days	30.82	+1.16	+3.92%

Silver • 558 days	30.82	+1.16	+3.92%
Copper • 558 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.62	+0.75	+1.17%
Natural Gas • 11 mins	3.379	-0.030	-0.88%
Heating Oil • 11 mins	2.175	+0.021	+0.97%

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USD/CAD: The Support at 0.9825 is Challenged

By - Jan 11, 2013, 5:26 AM CST

USD/CAD has declined towards the key support at 0.9825 (13/12/2012 low). A break of this support would open the way for a test of the support at 0.9736 (05/10/2012 low). Hourly resistances are at 0.9850 (intraday low) and 0.9886.

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 test of the support at 0.9633 (14/09/2012 low) is likely in the next six months.

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