Commodity Prices

Gold •172 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	936.40	+12.90	+1.40%
WTI Crude •1 day	69.46	+0.08	+0.12%
Gasoline •1 day	1.942	+0.019	+0.98%
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 • 1 day	72.94	+0.06	+0.08%
Natural Gas • 1 day	3.748	+0.164	+4.58%
Heating Oil • 1 day	2.232	-0.006	-0.27%

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USD/CAD: The Short-Term Declining Trendline Has Been Broken

By - Mar 20, 2013, 5:45 AM CDT

USD/CAD has broken its short-term declining trendline and its hourly resistance at 1.0247. Another resistance can be found at 1.0297. Supports are given by the rising trendline (around 1.0235) and 1.0181 (15/03/2013 low).

The break of the support at 1.0217 (28/02/2013 low) suggests a weakening bullish momentum. Coupled with the strong resistance at 1.0447 (04/06/2012 high) and the general overbought conditions, we see a limited upside potential for USD/CAD.

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