Commodity Prices

Gold •294 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	979.40	-0.20	-0.02%
WTI Crude •10 mins	62.31	+0.04	+0.06%
Gasoline •12 mins	2.079	-0.005	-0.22%
Ethanol •294 days	2.161	+0.000	+0.00%
Silver •294 days	30.82	+1.16	+3.92%

Silver • 294 days	30.82	+1.16	+3.92%
Copper • 294 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.14	+0.02	+0.03%
Natural Gas • 10 mins	2.984	-0.038	-1.26%
Heating Oil • 13 mins	2.122	-0.005	-0.22%

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USD/CAD: Moving Higher

By - Mar 01, 2013, 5:37 AM CST

USD/CAD has broken the key resistance defined by the high of the medium-term declining channel and 1.0250 (12/07/2012 high). Resistances can be found at 1.0363 (28/06/2012 high) and 1.0447 (04/06/2012 high). A support is at 1.0217 (28/02/2013 low).

A decisive weekly close above the mediumterm declining channel (linking the April 2011 high with the April 2012 high) would invalidate our scenario of a return towards the support at 0.9633 (14/09/2012 low) in the long-term. A key resistance lies at 1.0447 (04/06/2012 high).

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