Commodity Prices

Gold •14 mins	2,398.80	+0.80	+0.03%
Platinum •14 mins	951.00	-3.50	-0.37%
WTI Crude •10 mins	83.14	+0.41	+0.50%
Gasoline •15 mins	2.705	-0.009	-0.34%
Ethanol •11 hours	2.161	+0.000	+0.00%
Silver •14 mins	28.43	+0.05	+0.16%

Silver • 14 mins	28.43	+0.05	+0.16%
Copper • 14 mins	4.447	+0.010	+0.23%
Brent Crude • 10 mins	87.38	+0.27	+0.31%
Natural Gas • 10 mins	1.745	-0.012	-0.68%
Heating Oil • 13 mins	2.523	-0.011	-0.42%

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USD/CHF: Bouncing Sharply

By - Jan 15, 2013, 6:16 AM CST

USD/CHF bounced sharply yesterday. Monitor the resistance at 0.9274 (09/01/2013 low). Another resistance can be found at 0.9303 (04/01/2013 high). Hourly supports are at 0.9199 (intraday high) and 0.9111 (11/01/2013 low).

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 lower low made on 20 December 2012 confirms a bearish bias. A medium-term decline towards the key support at 0.8931 (24/02/2012 low) is expected.

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