Commodity Prices

Gold •802 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,772.80	-24.80	-1.38%
WTI Crude •11 mins	103.21	+3.16	+3.16%
Gasoline •11 mins	3.432	+0.125	+3.77%
Ethanol •802 days	2.161	+0.000	+0.00%
Silver •802 days	30.82	+1.16	+3.92%

Silver • 802 days	30.82	+1.16	+3.92%
Copper • 802 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	108.20	+3.59	+3.43%
Natural Gas • 11 mins	2.895	+0.064	+2.26%
Heating Oil • 11 mins	5.064	+0.105	+2.12%

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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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