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: 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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