Commodity Prices

Gold •756 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,598.60	-3.70	-0.23%
WTI Crude •10 mins	84.67	+0.21	+0.25%
Gasoline •2 hours	3.352	-0.046	-1.34%
Ethanol •756 days	2.161	+0.000	+0.00%
Silver •756 days	30.82	+1.16	+3.92%

Silver • 756 days	30.82	+1.16	+3.92%
Copper • 756 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	91.06	+0.32	+0.35%
Natural Gas • 11 mins	2.744	+0.022	+0.81%
Heating Oil • 2 hours	4.315	-0.055	-1.26%

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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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