The WTI Crude Oil market initially tried to rally during the day on Tuesday, but found the $32 level to be far too resistive to continue to go higher. It appears that the natural gas market is trying to break down from here, and if we can go below the $2.20 level,we will more than likely try to reach towards the very bottom yet again.
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Gold prices slipped for a third straight session on Tuesday as the dollar strengthened across the board and dimmed the metal's appeal.
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The USD/JPY pair had a pretty volatile session on Monday, as we initially tried to fall but then turned back around to test the 118 handle. The AUD/USD pair tried to rally as well, but struggled just above the 0.70 handle.
The EUR/USD pair fell slightly during the day on Monday, as we continue to see sellers step into this market every time we try to rally. The British pound tried to rally during the session on Monday, but turned back around in order to form a shooting star for the daily candle.
The crude oil market continues to fall, and as a result the Canadian dollar has been punished.