Commodity Prices

Gold •369 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,389.90	+16.60	+1.21%
WTI Crude •10 mins	67.61	-0.32	-0.47%
Gasoline •10 mins	2.151	-0.001	-0.04%
Ethanol •369 days	2.161	+0.000	+0.00%
Silver •369 days	30.82	+1.16	+3.92%

Silver • 369 days	30.82	+1.16	+3.92%
Copper • 369 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	69.37	-0.21	-0.30%
Natural Gas • 10 mins	3.388	-0.024	-0.70%
Heating Oil • 10 mins	2.406	-0.015	-0.64%

Headlines

754 days Will The ECB Continue To Hike Rates?
754 days Forbes: Aramco Remains Largest Company In The Middle East
756 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,156 days Could Crypto Overtake Traditional Investment?
1,160 days Americans Still Quitting Jobs At Record Pace
1,162 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,165 days Is The Dollar Too Strong?
1,166 days Big Tech Disappoints Investors on Earnings Calls
1,167 days Fear And Celebration On Twitter as Musk Takes The Reins
1,168 days China Is Quietly Trying To Distance Itself From Russia
1,169 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,173 days Crypto Investors Won Big In 2021
1,173 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,174 days Food Prices Are Skyrocketing As Putin’s War Persists
1,176 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,176 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,180 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,180 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,181 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,183 days Are NFTs About To Take Over Gaming?

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Is The Bull Market On Its Last Legs?

This aging bull market may…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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/CHF: Bears Retain Control

By - Feb 22, 2012, 6:41 AM CST

USD/CHF has broken down to see marginal breach of the 0.9089 swing low following last weekâ€™s completion of a bull trap.

The rebound from 0.9089 to 0.9300 is seen as a completed correction of the decline from the 0.9596 January swing high, with risk seen for fresh trend weakness.

While 0.9263/0.9300 caps, the risk is seen for sustained loss of 0.9089, a break which should see the bear run extend towards psychological 0.9000 then the 200 day moving average (currently at 0.8768) ahead of a reaction low at 0.8568.

Re-capture of 0.9300 would suggest basing, although broken support at 0.9407 would need to be cleared to turn the longer-term outlook positive for the 0.9596 swing high initially.

Daily Technical Report