Commodity Prices

Gold •631 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,830.60	-112.20	-5.78%
WTI Crude •11 mins	94.59	+4.27	+4.73%
Gasoline •12 mins	3.141	+0.129	+4.28%
Ethanol •631 days	2.161	+0.000	+0.00%
Silver •631 days	30.82	+1.16	+3.92%

Silver • 631 days	30.82	+1.16	+3.92%
Copper • 631 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	108.05	+5.83	+5.70%
Natural Gas • 11 mins	2.989	+0.037	+1.25%
Heating Oil • 12 mins	4.291	+0.285	+7.11%

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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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