Commodity Prices

Gold •657 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,036.90	-50.30	-2.41%
WTI Crude •11 mins	91.72	+4.30	+4.92%
Gasoline •11 mins	3.243	+0.126	+4.04%
Ethanol •657 days	2.161	+0.000	+0.00%
Silver •657 days	30.82	+1.16	+3.92%

Silver • 657 days	30.82	+1.16	+3.92%
Copper • 657 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	100.42	+4.94	+5.17%
Natural Gas • 11 mins	2.710	+0.021	+0.78%
Heating Oil • 11 mins	3.804	+0.263	+7.42%

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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.

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