Commodity Prices

Gold •362 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,349.40	+6.40	+0.48%
WTI Crude •10 mins	65.55	+0.44	+0.68%
Gasoline •10 mins	2.092	+0.019	+0.94%
Ethanol •362 days	2.161	+0.000	+0.00%
Silver •362 days	30.82	+1.16	+3.92%

Silver • 362 days	30.82	+1.16	+3.92%
Copper • 362 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.09	+0.35	+0.52%
Natural Gas • 10 mins	3.372	-0.084	-2.43%
Heating Oil • 10 mins	2.322	+0.046	+2.03%

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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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