Commodity Prices

Gold •421 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,361.60	-0.10	-0.01%
WTI Crude •11 mins	63.94	-0.66	-1.02%
Gasoline •21 mins	2.177	-0.022	-1.01%
Ethanol •421 days	2.161	+0.000	+0.00%
Silver •421 days	30.82	+1.16	+3.92%

Silver • 421 days	30.82	+1.16	+3.92%
Copper • 421 days	4.530	+0.111	+2.51%
Brent Crude • 17 mins	68.10	-0.52	-0.76%
Natural Gas • 11 mins	2.975	+0.031	+1.05%
Heating Oil • 14 mins	2.271	-0.039	-1.70%

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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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