Commodity Prices

Gold •605 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,373.50	+133.90	+5.98%
WTI Crude •1 day	67.02	+1.81	+2.78%
Gasoline •1 day	2.078	+0.046	+2.24%
Ethanol •605 days	2.161	+0.000	+0.00%
Silver •605 days	30.82	+1.16	+3.92%

Silver • 605 days	30.82	+1.16	+3.92%
Copper • 605 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	72.87	+2.03	+2.87%
Natural Gas • 1 day	2.859	+0.032	+1.13%
Heating Oil • 1 day	2.671	+0.058	+2.24%

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USD/CAD: Strong Support Near 0.9800

By - Aug 14, 2012, 5:52 AM CDT

USD/CAD is still under the influence of its short-term downtrend. The first resistance to monitor is the 10 August high at 0.9970.

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

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