Commodity Prices

Gold •485 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,578.80	-35.50	-2.20%
WTI Crude •11 mins	60.94	+0.37	+0.61%
Gasoline •11 mins	1.995	-0.009	-0.43%
Ethanol •485 days	2.161	+0.000	+0.00%
Silver •485 days	30.82	+1.16	+3.92%

Silver • 485 days	30.82	+1.16	+3.92%
Copper • 485 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	65.07	+0.07	+0.11%
Natural Gas • 11 mins	4.127	+0.171	+4.32%
Heating Oil • 11 mins	2.431	-0.029	-1.19%

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USD/CAD: Downside Pressure Still Underway

By - Aug 09, 2012, 6:34 AM CDT

The bearish trend that started on June 4 is still underway.

Given the current overextended decline and the significant support area near 0.9800, we would see further short-term weakness toward the April 27 low as a good opportunity to initiate a long USD position.

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