Commodity Prices

Gold •583 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	2,099.40	+28.80	+1.39%
WTI Crude •5 hours	63.55	+0.26	+0.41%
Gasoline •5 hours	1.953	+0.027	+1.38%
Ethanol •583 days	2.161	+0.000	+0.00%
Silver •583 days	30.82	+1.16	+3.92%

Silver • 583 days	30.82	+1.16	+3.92%
Copper • 583 days	4.530	+0.111	+2.51%
Brent Crude • 4 hours	68.05	+0.50	+0.74%
Natural Gas • 5 hours	3.422	-0.087	-2.48%
Heating Oil • 5 hours	2.413	+0.020	+0.84%

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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).

Daily Technical Report