Commodity Prices

Gold •290 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	977.00	-3.10	-0.32%
WTI Crude •2 days	64.68	+2.21	+3.54%
Gasoline •2 days	2.099	+0.055	+2.71%
Ethanol •290 days	2.161	+0.000	+0.00%
Silver •290 days	30.82	+1.16	+3.92%

Silver • 290 days	30.82	+1.16	+3.92%
Copper • 290 days	4.530	+0.111	+2.51%
Brent Crude • 2 days	67.96	+2.11	+3.20%
Natural Gas • 2 days	3.245	-0.002	-0.06%
Heating Oil • 2 days	2.152	+0.037	+1.74%

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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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