Commodity Prices

Gold •365 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,386.30	+4.20	+0.30%
WTI Crude •10 mins	66.79	-0.21	-0.31%
Gasoline •17 mins	2.111	-0.008	-0.38%
Ethanol •365 days	2.161	+0.000	+0.00%
Silver •365 days	30.82	+1.16	+3.92%

Silver • 365 days	30.82	+1.16	+3.92%
Copper • 365 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.50	-0.30	-0.44%
Natural Gas • 10 mins	3.405	-0.004	-0.12%
Heating Oil • 14 mins	2.355	-0.015	-0.63%

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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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