Commodity Prices

Gold •15 mins	2,413.80	+15.80	+0.66%
Platinum •15 mins	943.80	-10.70	-1.12%
WTI Crude •14 hours	83.14	+0.41	+0.50%
Gasoline •14 hours	2.710	-0.003	-0.13%
Ethanol •13 hours	2.161	+0.000	+0.00%
Silver •15 mins	28.84	+0.46	+1.63%

Silver • 15 mins	28.84	+0.46	+1.63%
Copper • 15 mins	4.498	+0.061	+1.37%
Brent Crude • 13 hours	87.29	+0.18	+0.21%
Natural Gas • 14 hours	1.752	-0.005	-0.28%
Heating Oil • 14 hours	2.541	+0.007	+0.29%

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USD/CHF: Short-Term Triple-Top Validated

By - Jun 19, 2014, 5:35 AM CDT

USD/CHF has broken the support at 0.8960, validating a short-term triple-top. A decline towards the support at 0.8908 (05/06/2014 low, see also the 38.2% retracement) is expected. Another support stands at 0.8883. A strong resistance area lies between 0.9012 and 0.9037.

From a longer term perspective, the bullish breakout of the key resistance at 0.8953 suggests the end of the large corrective phase that started in July 2012. The long-term upside potential implied by the double-bottom formation is 0.9207. A key resistance stands at 0.9156 (21/01/2014 high).

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