Commodity Prices

Gold •659 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,995.70	-42.70	-2.09%
WTI Crude •11 mins	95.81	-0.04	-0.04%
Gasoline •11 mins	3.436	-0.026	-0.76%
Ethanol •659 days	2.161	+0.000	+0.00%
Silver •659 days	30.82	+1.16	+3.92%

Silver • 659 days	30.82	+1.16	+3.92%
Copper • 659 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	105.54	+0.47	+0.45%
Natural Gas • 12 mins	2.558	-0.056	-2.14%
Heating Oil • 11 mins	4.009	+0.021	+0.52%

Headlines

1,044 days Will The ECB Continue To Hike Rates?
1,044 days Forbes: Aramco Remains Largest Company In The Middle East
1,046 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,446 days Could Crypto Overtake Traditional Investment?
1,451 days Americans Still Quitting Jobs At Record Pace
1,453 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,456 days Is The Dollar Too Strong?
1,456 days Big Tech Disappoints Investors on Earnings Calls
1,457 days Fear And Celebration On Twitter as Musk Takes The Reins
1,459 days China Is Quietly Trying To Distance Itself From Russia
1,459 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,463 days Crypto Investors Won Big In 2021
1,463 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,464 days Food Prices Are Skyrocketing As Putin’s War Persists
1,466 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,467 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,470 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,471 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,471 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,473 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

USD/CAD - Strong Selling Pressures

By - Dec 12, 2016, 6:05 AM CST

USD/CAD continues to push lower. Closest hourly resistance can be found at 1.3353 (05/12/2016 high) while key resistance lies at 1.3589 (14/11/2016 high). Closest support lies at 1.3006 (19/10/2016 low). Expected to further weaken.

In the longer term, there is a golden cross with the 50 dma crossing the 200 dma indicating further upside pressures. Strong resistance is given at 1.4690 (22/01/2016 high). Long-term support can be found at 1.2461 (16/03/2015 low).

Daily Technical Report