Commodity Prices

Gold •235 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	987.70	-9.50	-0.95%
WTI Crude •1 day	70.40	-2.08	-2.87%
Gasoline •1 day	2.027	-0.060	-2.87%
Ethanol •235 days	2.161	+0.000	+0.00%
Silver •235 days	30.82	+1.16	+3.92%

Silver • 235 days	30.82	+1.16	+3.92%
Copper • 235 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	74.43	-2.05	-2.68%
Natural Gas • 1 day	4.234	+0.082	+1.97%
Heating Oil • 1 day	2.432	-0.071	-2.84%

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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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