Commodity Prices

Gold •15 mins	1,879.60	-16.80	-0.89%
Platinum •15 mins	1,151.10	+5.10	+0.45%
WTI Crude •14 hours	70.91	+0.62	+0.88%
Gasoline •14 hours	2.186	-0.026	-1.18%
Ethanol •14 hours	2.460	+0.000	+0.00%
Silver •15 mins	28.15	+0.12	+0.41%

Silver • 15 mins	28.15	+0.12	+0.41%
Copper • 15 mins	4.538	+0.052	+1.17%
Brent Crude • 11 hours	72.69	+0.17	+0.23%
Natural Gas • 14 hours	3.296	+0.147	+4.67%
Heating Oil • 14 hours	2.121	-0.023	-1.06%

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USD/CAD: Testing Support at 1.0602

By - Dec 11, 2013, 5:16 AM CST

USD/CAD is weakening. However, a short-term bullish bias is favoured as long as the hourly support at 1.0602 holds. Other supports can be found at 1.0559 (29/11/2013 low) and 1.0514 (see also the rising channel). Hourly resistances stand at 1.0670 (09/12/2013 high) and 1.0708.

In the longer term, the strong resistance at 1.0870 (02/11/2009 high, see also the long-term declining trendline from the October 2002 peak) continues to represent a major hurdle. Therefore, a break of this level is needed to call for further long-term strength.

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