Commodity Prices

Gold •169 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	926.10	-8.50	-0.91%
WTI Crude •32 mins	70.22	-0.36	-0.51%
Gasoline •10 mins	1.922	-0.021	-1.08%
Ethanol •169 days	2.161	+0.000	+0.00%
Silver •169 days	30.82	+1.16	+3.92%

Silver • 169 days	30.82	+1.16	+3.92%
Copper • 169 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	72.88	-0.51	-0.69%
Natural Gas • 10 mins	3.527	+0.153	+4.53%
Heating Oil • 10 mins	2.242	-0.013	-0.59%

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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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