Commodity Prices

Gold •14 mins	2,342.80	+4.40	+0.19%
Platinum •14 mins	919.70	+3.90	+0.43%
WTI Crude •10 mins	82.55	-0.26	-0.31%
Gasoline •10 mins	2.727	-0.007	-0.26%
Ethanol •19 hours	2.161	+0.000	+0.00%
Silver •14 mins	27.38	+0.03	+0.12%

Silver • 14 mins	27.38	+0.03	+0.12%
Copper • 14 mins	4.538	+0.052	+1.15%
Brent Crude • 10 mins	87.95	-0.07	-0.08%
Natural Gas • 10 mins	1.636	-0.017	-1.03%
Heating Oil • 10 mins	2.530	-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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