Commodity Prices

Gold •421 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,357.20	-4.50	-0.33%
WTI Crude •10 mins	64.21	-0.39	-0.60%
Gasoline •6 hours	2.199	+0.050	+2.34%
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 • 1 hour	68.24	-0.38	-0.55%
Natural Gas • 12 mins	2.979	+0.035	+1.19%
Heating Oil • 7 hours	2.310	+0.015	+0.63%

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USD/CAD - Under 0.9907 To Weaken Further

By - Feb 29, 2012, 6:07 AM CST

USD/CAD is now approaching 0.9907. A break under this level will confirm 1.0050 as a lower high, targeting 0.9890 immediately.

We would need to see re-capture of 1.0052 from here to suggest basing potential, with scope then for a push towards minor resistance at 1.0163 and possibly 1.0250 in a more bullish multi-week scenario.

EUR/CAD, which tends to share a positive correlation with EUR/USD, has breached the top of a trading band and now targets broken support at 1.3394 as this yearâ€™s recovery extends.

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