Commodity Prices

Gold •441 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,375.20	-1.40	-0.10%
WTI Crude •11 mins	63.74	-0.31	-0.48%
Gasoline •11 mins	2.015	-0.014	-0.68%
Ethanol •441 days	2.161	+0.000	+0.00%
Silver •441 days	30.82	+1.16	+3.92%

Silver • 441 days	30.82	+1.16	+3.92%
Copper • 441 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	67.68	-0.27	-0.40%
Natural Gas • 11 mins	3.080	-0.020	-0.65%
Heating Oil • 12 mins	2.341	-0.014	-0.59%

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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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