Commodity Prices

Gold •478 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,601.60	+4.90	+0.31%
WTI Crude •5 hours	61.50	-0.29	-0.47%
Gasoline •5 hours	1.923	-0.004	-0.22%
Ethanol •478 days	2.161	+0.000	+0.00%
Silver •478 days	30.82	+1.16	+3.92%

Silver • 478 days	30.82	+1.16	+3.92%
Copper • 478 days	4.530	+0.111	+2.51%
Brent Crude • 4 hours	65.94	-0.05	-0.08%
Natural Gas • 5 hours	3.304	-0.040	-1.20%
Heating Oil • 5 hours	2.403	+0.000	+0.00%

Headlines

862 days Will The ECB Continue To Hike Rates?
863 days Forbes: Aramco Remains Largest Company In The Middle East
864 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,264 days Could Crypto Overtake Traditional Investment?
1,269 days Americans Still Quitting Jobs At Record Pace
1,271 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,274 days Is The Dollar Too Strong?
1,274 days Big Tech Disappoints Investors on Earnings Calls
1,275 days Fear And Celebration On Twitter as Musk Takes The Reins
1,277 days China Is Quietly Trying To Distance Itself From Russia
1,277 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,281 days Crypto Investors Won Big In 2021
1,281 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,282 days Food Prices Are Skyrocketing As Putin’s War Persists
1,284 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,285 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,288 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,289 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,289 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,291 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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