Commodity Prices

Gold •687 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,954.80	-10.00	-0.51%
WTI Crude •11 mins	98.55	+2.20	+2.28%
Gasoline •14 mins	3.434	+0.055	+1.62%
Ethanol •687 days	2.161	+0.000	+0.00%
Silver •687 days	30.82	+1.16	+3.92%

Silver • 687 days	30.82	+1.16	+3.92%
Copper • 687 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	105.59	+3.01	+2.93%
Natural Gas • 11 mins	3.005	-0.013	-0.43%
Heating Oil • 14 mins	3.928	+0.096	+2.51%

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USD/CAD - Bearish Breakout

By - Apr 20, 2016, 5:46 AM CDT

USD/CAD has exited the short-term downtrend channel, confirming persistent underlying selling pressures. Yet, the momentum seems to fade. Hourly support is located at 1.2631 (19/04/2016 low). Hourly resistance is given at 1.2897 (14/04/2016 high). Expected to show continued weakness.

In the longer term, the pair is now trading well below the 200-day moving average. Strong resistance is given at 1.4948 (21/03/2003 high). Stronger support can be found at 1.1731 (06/01/2015 low).

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