Commodity Prices

Gold •434 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,399.50	+27.40	+2.00%
WTI Crude •11 mins	63.81	+1.18	+1.88%
Gasoline •11 mins	2.010	+0.018	+0.90%
Ethanol •434 days	2.161	+0.000	+0.00%
Silver •434 days	30.82	+1.16	+3.92%

Silver • 434 days	30.82	+1.16	+3.92%
Copper • 434 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	67.65	+1.26	+1.90%
Natural Gas • 11 mins	3.029	-0.088	-2.82%
Heating Oil • 11 mins	2.338	+0.018	+0.77%

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USD/CAD - Selling Pressures Are Still On

By - Mar 03, 2016, 6:02 AM CST

USD/CAD's bearish momentum is still lively, despite it fails to test strong support at 1.3300. Hourly support is given at 1.3386 (01/03/2016 low). Hourly resistance can be found at 1.3587 (29/02/2016 high). Expected to see further weakening.

In the longer term, the break of the key resistance at 1.3065 (13/03/2009 high) has indicated increasing buying pressures, which favours further medium-term strengthening. Strong resistance is given at 1.4948 (21/03/2003 high). Support can be found at 1.2832 (15/10/2015 low) then 1.1731 (06/01/2015 low).

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