Commodity Prices

Gold •274 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	942.90	-13.70	-1.43%
WTI Crude •10 mins	65.35	-1.60	-2.39%
Gasoline •10 mins	2.118	-0.047	-2.16%
Ethanol •274 days	2.161	+0.000	+0.00%
Silver •274 days	30.82	+1.16	+3.92%

Silver • 274 days	30.82	+1.16	+3.92%
Copper • 274 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.54	-1.60	-2.28%
Natural Gas • 10 mins	4.070	-0.068	-1.64%
Heating Oil • 10 mins	2.140	-0.049	-2.25%

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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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