Commodity Prices

Gold •318 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	990.20	-5.20	-0.52%
WTI Crude •1 day	62.49	+0.87	+1.41%
Gasoline •1 day	2.142	+0.007	+0.35%
Ethanol •318 days	2.161	+0.000	+0.00%
Silver •318 days	30.82	+1.16	+3.92%

Silver • 318 days	30.82	+1.16	+3.92%
Copper • 318 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	65.41	+0.88	+1.36%
Natural Gas • 1 day	3.334	-0.028	-0.83%
Heating Oil • 1 day	2.141	-0.025	-1.17%

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USD/CAD: Oscillating Around The 200-Day Average

By - Mar 22, 2012, 6:30 AM CDT

USD/CAD's DeMark™ exhaustion buy signal remains active while price still oscillates around its 200-day average. A sustained confirmation above 1.0080 will signal a potential upside recovery.

Such a scenario would target next resistance at 1.0160, then 1.0250 and resume the larger cycle recovery higher into 1.0424 (14th December high).

Only a sustained break back beneath 0.9843 (03rd Jan low) would resume the multi-month downtrend into next support at 0.9726.

EUR/CAD, which tends to share a positive correlation with EUR/USD, is holding steady after the recent unwinding from oversold conditions. A sustained downside resolution beneath support at 1.2894 (14th March low) would target 1.2760 (10th Jan 2010).

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