Commodity Prices

Gold •10 mins	2,395.10	+6.70	+0.28%
Platinum •10 mins	950.00	-4.20	-0.44%
WTI Crude •10 mins	82.68	-0.01	-0.01%
Gasoline •10 mins	2.707	-0.022	-0.81%
Ethanol •2 hours	2.161	+0.000	+0.00%
Silver •10 mins	28.35	-0.05	-0.18%

Silver • 10 mins	28.35	-0.05	-0.18%
Copper • 10 mins	4.428	+0.089	+2.04%
Brent Crude • 10 mins	87.02	-0.27	-0.31%
Natural Gas • 10 mins	1.745	+0.033	+1.93%
Heating Oil • 11 mins	2.533	-0.042	-1.64%

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USD/CHF: Bearish Breakout of The Key Support at 0.9215

By - Dec 17, 2012, 5:25 AM CST

USD/CHF has broken the key support at 0.9215 (17/10/2012 low), opening the way for a move towards 0.9043 (01/05/2012 low). Hourly resistances can be found at 0.9248 (14/12/2012 high) and 0.9276 (13/12/2012 high).

These new lows have forced us to close our long strategy.

The break of prior support at 0.9423 (18/06/2012 low) has invalidated the succession of higher lows that started in August 2011. The break to the downside out of the horizontal range between 0.9215 (17/10/2012 low) and 0.9502 (31/08/2012 low) confirms a bearish bias.

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