Commodity Prices

Gold •272 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,008.30	+3.70	+0.37%
WTI Crude •10 mins	71.19	-0.01	-0.01%
Gasoline •12 mins	2.305	+0.002	+0.10%
Ethanol •272 days	2.161	+0.000	+0.00%
Silver •272 days	30.82	+1.16	+3.92%

Silver • 272 days	30.82	+1.16	+3.92%
Copper • 272 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.44	-0.05	-0.07%
Natural Gas • 10 mins	3.950	-0.001	-0.03%
Heating Oil • 12 mins	2.295	+0.006	+0.26%

Headlines

657 days Will The ECB Continue To Hike Rates?
657 days Forbes: Aramco Remains Largest Company In The Middle East
659 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,059 days Could Crypto Overtake Traditional Investment?
1,063 days Americans Still Quitting Jobs At Record Pace
1,065 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,068 days Is The Dollar Too Strong?
1,069 days Big Tech Disappoints Investors on Earnings Calls
1,070 days Fear And Celebration On Twitter as Musk Takes The Reins
1,071 days China Is Quietly Trying To Distance Itself From Russia
1,072 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,075 days Crypto Investors Won Big In 2021
1,076 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,077 days Food Prices Are Skyrocketing As Putin’s War Persists
1,079 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,079 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,082 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,083 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,083 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,085 days Are NFTs About To Take Over Gaming?

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: 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 - Selling Pressures Are Fading

By - May 19, 2017, 6:56 AM CDT

USD/CAD keeps on weakening since the pair reached 1.3800. Hourly support can be found at 1.3411 (24/04/2017 high) then 1.3353 (20/01/2017 high). Expected to show continued bearish pressures.

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