Commodity Prices

Gold •736 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,624.00	-6.10	-0.37%
WTI Crude •11 mins	71.60	-0.48	-0.67%
Gasoline •11 mins	3.019	-0.020	-0.65%
Ethanol •736 days	2.161	+0.000	+0.00%
Silver •736 days	30.82	+1.16	+3.92%

Silver • 736 days	30.82	+1.16	+3.92%
Copper • 736 days	4.530	+0.111	+2.51%
Brent Crude • 20 mins	76.30	-1.72	-2.20%
Natural Gas • 11 mins	3.009	-0.003	-0.10%
Heating Oil • 12 mins	3.542	-0.029	-0.82%

Headlines

1,120 days Will The ECB Continue To Hike Rates?
1,121 days Forbes: Aramco Remains Largest Company In The Middle East
1,122 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,522 days Could Crypto Overtake Traditional Investment?
1,527 days Americans Still Quitting Jobs At Record Pace
1,529 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,532 days Is The Dollar Too Strong?
1,532 days Big Tech Disappoints Investors on Earnings Calls
1,533 days Fear And Celebration On Twitter as Musk Takes The Reins
1,535 days China Is Quietly Trying To Distance Itself From Russia
1,535 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,539 days Crypto Investors Won Big In 2021
1,539 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,540 days Food Prices Are Skyrocketing As Putin’s War Persists
1,542 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,543 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,546 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,547 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,547 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,549 days Are NFTs About To Take Over Gaming?

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

Is The Bull Market On Its Last Legs?

This aging bull market may…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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 - 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