Commodity Prices

Gold •632 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,887.10	+29.80	+1.60%
WTI Crude •9 hours	99.64	+5.16	+5.46%
Gasoline •9 hours	3.250	+0.120	+3.83%
Ethanol •632 days	2.161	+0.000	+0.00%
Silver •632 days	30.82	+1.16	+3.92%

Silver • 632 days	30.82	+1.16	+3.92%
Copper • 632 days	4.530	+0.111	+2.51%
Brent Crude • 8 hours	112.57	+4.56	+4.22%
Natural Gas • 9 hours	3.095	+0.096	+3.20%
Heating Oil • 9 hours	4.496	+0.222	+5.20%

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USD/CAD: Drifting Lower

By - Apr 03, 2013, 6:06 AM CDT

USD/CAD has broken its support at 1.0181 (15/03/2013 low), which opens the way for a move towards the support at 1.0102 (19/02/2013 low). The hourly support at 1.0160 (22/02/2013 low, see also the rising trendline) has been broken. An hourly resistance is at 1.0196 (27/03/2013 low).

A corrective phase is underway. Given the lack of a proper bearish reversal pattern, the current downside potential is likely given by the supports at 1.0102 (19/02/2013 low) and 1.0000 (14/02/2013 low, see also 200 day moving average).

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