Commodity Prices

Gold •650 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,112.80	+12.10	+0.58%
WTI Crude •11 mins	91.44	+0.16	+0.18%
Gasoline •11 mins	3.038	-0.001	-0.04%
Ethanol •650 days	2.161	+0.000	+0.00%
Silver •650 days	30.82	+1.16	+3.92%

Silver • 650 days	30.82	+1.16	+3.92%
Copper • 650 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	94.79	-4.57	-4.60%
Natural Gas • 11 mins	2.592	-0.007	-0.27%
Heating Oil • 12 mins	3.653	+0.029	+0.80%

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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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