Commodity Prices

Gold •15 mins	1,838.70	-2.80	-0.15%
Platinum •15 mins	875.60	-4.00	-0.45%
WTI Crude •10 mins	89.31	+0.08	+0.09%
Gasoline •10 mins	2.337	-0.024	-1.00%
Ethanol •3 hours	2.161	+0.000	+0.00%
Silver •15 mins	21.39	+0.01	+0.06%

Silver • 15 mins	21.39	+0.01	+0.06%
Copper • 15 mins	3.615	-0.006	-0.17%
Brent Crude • 10 mins	90.95	+0.03	+0.03%
Natural Gas • 10 mins	2.938	-0.011	-0.37%
Heating Oil • 10 mins	3.187	-0.008	-0.26%

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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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