Commodity Prices

Gold •250 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	961.70	-5.10	-0.53%
WTI Crude •10 mins	66.05	+0.02	+0.03%
Gasoline •19 mins	2.089	-0.003	-0.15%
Ethanol •250 days	2.161	+0.000	+0.00%
Silver •250 days	30.82	+1.16	+3.92%

Silver • 250 days	30.82	+1.16	+3.92%
Copper • 250 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	69.38	+0.10	+0.14%
Natural Gas • 10 mins	4.493	+0.002	+0.04%
Heating Oil • 12 mins	2.180	+0.000	+0.00%

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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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