Commodity Prices

Gold •339 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,168.10	+31.60	+2.78%
WTI Crude •1 day	64.58	+1.21	+1.91%
Gasoline •1 day	2.077	+0.014	+0.67%
Ethanol •339 days	2.161	+0.000	+0.00%
Silver •339 days	30.82	+1.16	+3.92%

Silver • 339 days	30.82	+1.16	+3.92%
Copper • 339 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	66.47	+1.13	+1.73%
Natural Gas • 1 day	3.784	+0.107	+2.91%
Heating Oil • 1 day	2.125	+0.031	+1.47%

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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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