Commodity Prices

Gold •839 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,649.10	-7.40	-0.45%
WTI Crude •11 mins	99.05	+1.23	+1.26%
Gasoline •21 mins	3.162	+0.045	+1.44%
Ethanol •839 days	2.161	+0.000	+0.00%
Silver •839 days	30.82	+1.16	+3.92%

Silver • 839 days	30.82	+1.16	+3.92%
Copper • 839 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	110.25	+1.46	+1.34%
Natural Gas • 11 mins	2.979	+0.016	+0.54%
Heating Oil • 24 mins	5.009	+0.084	+1.71%

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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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