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Gold •15 mins	2,319.90	+11.30	+0.49%
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WTI Crude •10 mins	78.36	+0.25	+0.32%
Gasoline •11 mins	2.551	-0.004	-0.17%
Ethanol •2 days	2.161	+0.000	+0.00%
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Silver • 15 mins	27.17	+0.48	+1.78%
Copper • 15 mins	4.596	+0.039	+0.86%
Brent Crude • 10 mins	83.16	+0.20	+0.24%
Natural Gas • 12 mins	2.148	+0.006	+0.28%
Heating Oil • 10 mins	2.439	-0.004	-0.17%

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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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