Commodity Prices

Gold •361 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,344.10	-7.80	-0.58%
WTI Crude •10 mins	64.99	-0.53	-0.81%
Gasoline •42 mins	2.085	-0.005	-0.23%
Ethanol •362 days	2.161	+0.000	+0.00%
Silver •361 days	30.82	+1.16	+3.92%

Silver • 361 days	30.82	+1.16	+3.92%
Copper • 361 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	67.64	-0.13	-0.19%
Natural Gas • 10 mins	3.424	-0.315	-8.42%
Heating Oil • 36 mins	2.352	+0.045	+1.94%

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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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