Commodity Prices

Gold •667 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,011.90	+17.30	+0.87%
WTI Crude •15 hours	101.94	-3.13	-2.98%
Gasoline •15 hours	3.595	-0.020	-0.55%
Ethanol •667 days	2.161	+0.000	+0.00%
Silver •667 days	30.82	+1.16	+3.92%

Silver • 667 days	30.82	+1.16	+3.92%
Copper • 667 days	4.530	+0.111	+2.51%
Brent Crude • 14 hours	108.17	-2.23	-2.02%
Natural Gas • 15 hours	2.780	+0.013	+0.47%
Heating Oil • 15 hours	3.946	-0.135	-3.30%

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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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