Commodity Prices

Gold •687 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,935.60	-29.20	-1.49%
WTI Crude •11 mins	97.12	+0.77	+0.80%
Gasoline •11 mins	3.444	+0.065	+1.91%
Ethanol •687 days	2.161	+0.000	+0.00%
Silver •687 days	30.82	+1.16	+3.92%

Silver • 687 days	30.82	+1.16	+3.92%
Copper • 687 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	103.59	+1.01	+0.98%
Natural Gas • 11 mins	2.906	-0.112	-3.71%
Heating Oil • 12 mins	3.902	+0.071	+1.84%

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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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