Commodity Prices

Gold •134 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	952.90	+8.90	+0.94%
WTI Crude •10 mins	67.81	-0.89	-1.30%
Gasoline •10 mins	1.959	-0.023	-1.16%
Ethanol •134 days	2.161	+0.000	+0.00%
Silver •134 days	30.82	+1.16	+3.92%

Silver • 134 days	30.82	+1.16	+3.92%
Copper • 134 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	71.63	-0.93	-1.28%
Natural Gas • 10 mins	2.715	-0.070	-2.51%
Heating Oil • 10 mins	2.180	-0.032	-1.44%

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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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