Commodity Prices

Gold •664 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,947.20	-11.60	-0.59%
WTI Crude •11 mins	99.95	+0.02	+0.02%
Gasoline •3 hours	3.554	-0.006	-0.17%
Ethanol •664 days	2.161	+0.000	+0.00%
Silver •664 days	30.82	+1.16	+3.92%

Silver • 664 days	30.82	+1.16	+3.92%
Copper • 664 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	111.79	+0.53	+0.48%
Natural Gas • 11 mins	2.682	-0.009	-0.33%
Heating Oil • 11 mins	3.996	+0.025	+0.62%

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USD/CAD - Breaking Short-Term Uptrend

By - Jun 03, 2016, 6:02 AM CDT

USD/CAD's short-term uptrend has been broken. Yet, the pair needs to break hourly support at 1.2895 (18/05/2016 low) to confirm deeper selling pressures while hourly resistance can be found at 1.3188 (24/05/2016 higher). Expected to show further bearish move.

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). The pair may have entered a new long-term decline.

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