Commodity Prices

Gold •413 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,342.00	+0.40	+0.03%
WTI Crude •9 hours	63.21	+0.86	+1.38%
Gasoline •16 mins	2.134	+0.005	+0.24%
Ethanol •413 days	2.161	+0.000	+0.00%
Silver •413 days	30.82	+1.16	+3.92%

Silver • 413 days	30.82	+1.16	+3.92%
Copper • 413 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.10	+0.26	+0.39%
Natural Gas • 10 mins	2.764	+0.012	+0.44%
Heating Oil • 23 mins	2.278	-0.002	-0.07%

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USD/CAD - New Lower Lows Call for Further Shortterm Weakness

By - Aug 16, 2012, 5:55 AM CDT

USD/CAD has failed to hold its hourly support at 0.9905. Further weakness towards 0.9800 is favoured.

Given the short-term oversold conditions and the significant support 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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