Commodity Prices

Gold •15 mins	2,334.80	-7.30	-0.31%
Platinum •15 mins	913.30	-9.50	-1.03%
WTI Crude •10 mins	82.98	-0.38	-0.46%
Gasoline •10 mins	2.722	-0.004	-0.14%
Ethanol •17 hours	2.161	+0.000	+0.00%
Silver •15 mins	27.25	-0.12	-0.43%

Silver • 15 mins	27.25	-0.12	-0.43%
Copper • 15 mins	4.497	+0.037	+0.83%
Brent Crude • 10 mins	88.17	-0.25	-0.28%
Natural Gas • 10 mins	1.736	-0.076	-4.19%
Heating Oil • 10 mins	2.559	-0.020	-0.79%

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USD/CHF: Short-Term Declining Channel Intact

By - Aug 27, 2012, 5:25 AM CDT

USD/CHF is in a short-term downtrend, but prices are reaching oversold levels. Strong support area between 0.9423 and 0.9368 (21/05/2012 low).

We see the current USD/CHF weakness as a counter-trend move within an underlying uptrend. We are therefore looking to initiate a long USD/CHF position close to the aforementioned support area.

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