Commodity Prices

Gold •709 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,712.20	+46.50	+2.79%
WTI Crude •3 hours	84.88	-2.83	-3.23%
Gasoline •3 hours	3.050	-0.052	-1.66%
Ethanol •709 days	2.161	+0.000	+0.00%
Silver •709 days	30.82	+1.16	+3.92%

Silver • 709 days	30.82	+1.16	+3.92%
Copper • 709 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	87.33	-3.05	-3.37%
Natural Gas • 3 hours	3.120	+0.033	+1.07%
Heating Oil • 3 hours	3.404	-0.109	-3.09%

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USD/CAD: Moving Towards The High of its Horizontal Range

By - Jan 22, 2013, 5:18 AM CST

USD/CAD continues to move within its shortterm horizontal range between 0.9825 and 0.9973. The recent sharp move and the current mild correction favour a move towards the high of this range. An hourly support can be found at 0.9910 (21/01/2013 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 test of the support at 0.9633 (14/09/2012 low) is likely in the next six months.

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