Commodity Prices

Gold •641 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,968.00	-15.20	-0.77%
WTI Crude •11 mins	114.38	+2.84	+2.55%
Gasoline •14 mins	3.320	+0.032	+0.98%
Ethanol •641 days	2.161	+0.000	+0.00%
Silver •641 days	30.82	+1.16	+3.92%

Silver • 641 days	30.82	+1.16	+3.92%
Copper • 641 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	111.66	+2.63	+2.41%
Natural Gas • 12 mins	2.844	+0.044	+1.57%
Heating Oil • 12 mins	4.530	+0.169	+3.87%

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USD/CAD: Breaking Out of Its Declining Channel

By - Nov 22, 2013, 5:37 AM CST

USD/CAD has broken to the upside out of its declining channel. A further short-term rise is favoured. Resistances stand at 1.0568 and 1.0609. Supports can be found at 1.0485 (19/11/2013 high) and 1.0436 (20/11/2013 low).

In the longer term, the key resistance at 1.0870 (02/11/2009 high and the long-term declining trendline from the October 2002 peak) continues to represent a major hurdle. However, the successful test of the support area implied by the long-term rising trendline and the 200 day moving average favours a new test of this obstacle.

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