Commodity Prices

Gold •756 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,601.10	-1.20	-0.07%
WTI Crude •11 mins	84.54	+0.08	+0.09%
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	90.83	+0.09	+0.10%
Natural Gas • 11 mins	2.742	+0.020	+0.73%
Heating Oil • 2 hours	4.315	-0.055	-1.26%

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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