Commodity Prices

Gold •15 mins	1,983.80	-12.10	-0.61%
Platinum •15 mins	990.30	-6.70	-0.67%
WTI Crude •17 hours	69.26	-0.70	-1.00%
Gasoline •17 hours	2.589	-0.017	-0.67%
Ethanol •16 hours	2.161	+0.000	+0.00%
Silver •15 mins	23.34	+0.08	+0.36%

Silver • 15 mins	23.34	+0.08	+0.36%
Copper • 15 mins	4.075	-0.049	-1.18%
Brent Crude • 16 hours	74.99	-0.92	-1.21%
Natural Gas • 17 hours	2.216	+0.062	+2.88%
Heating Oil • 17 hours	2.695	+0.011	+0.39%

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USD/CAD - Ready For Another Leg Lower

By - Mar 31, 2017, 6:27 AM CDT

USD/CAD is struggling to go any higher. A break of resistance area around 1.3400 is needed to invalidate the current short term bearish technical structure. The road seems still wide open for larger decline. Key support is given at 1.2969 (31/01/2017 low).

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).

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