Commodity Prices

Gold •359 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,351.90	-63.10	-4.46%
WTI Crude •15 hours	65.52	+0.28	+0.43%
Gasoline •15 hours	2.090	-0.009	-0.44%
Ethanol •359 days	2.161	+0.000	+0.00%
Silver •359 days	30.82	+1.16	+3.92%

Silver • 359 days	30.82	+1.16	+3.92%
Copper • 359 days	4.530	+0.111	+2.51%
Brent Crude • 14 hours	67.77	+0.04	+0.06%
Natural Gas • 15 hours	3.739	+0.213	+6.04%
Heating Oil • 15 hours	2.307	-0.053	-2.24%

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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).

Daily Technical Report