Commodity Prices

Gold •20 mins	2,321.10	-25.30	-1.08%
Platinum •20 mins	920.60	-10.70	-1.15%
WTI Crude •10 mins	82.08	+0.18	+0.22%
Gasoline •15 mins	2.688	+0.003	+0.11%
Ethanol •9 hours	2.161	+0.000	+0.00%
Silver •20 mins	27.01	-0.24	-0.88%

Silver • 20 mins	27.01	-0.24	-0.88%
Copper • 20 mins	4.424	-0.052	-1.16%
Brent Crude • 10 mins	87.21	+0.21	+0.24%
Natural Gas • 10 mins	1.782	-0.009	-0.50%
Heating Oil • 14 mins	2.568	+0.008	+0.29%

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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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