Commodity Prices

Gold •741 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,650.70	+8.00	+0.49%
WTI Crude •11 mins	80.04	+0.70	+0.88%
Gasoline •12 mins	3.241	+0.014	+0.42%
Ethanol •741 days	2.161	+0.000	+0.00%
Silver •741 days	30.82	+1.16	+3.92%

Silver • 741 days	30.82	+1.16	+3.92%
Copper • 741 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	85.64	+0.91	+1.07%
Natural Gas • 13 mins	2.917	+0.013	+0.45%
Heating Oil • 11 mins	4.016	+0.002	+0.04%

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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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