Commodity Prices

Gold •440 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,368.10	-34.40	-2.45%
WTI Crude •11 mins	64.00	-0.52	-0.81%
Gasoline •11 mins	2.031	-0.011	-0.54%
Ethanol •440 days	2.161	+0.000	+0.00%
Silver •440 days	30.82	+1.16	+3.92%

Silver • 440 days	30.82	+1.16	+3.92%
Copper • 440 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	67.94	-0.53	-0.77%
Natural Gas • 11 mins	3.134	+0.031	+1.00%
Heating Oil • 11 mins	2.373	-0.021	-0.86%

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USD/CHF: Bearish Breakout of The Key Support at 0.9215

By - Dec 17, 2012, 5:25 AM CST

USD/CHF has broken the key support at 0.9215 (17/10/2012 low), opening the way for a move towards 0.9043 (01/05/2012 low). Hourly resistances can be found at 0.9248 (14/12/2012 high) and 0.9276 (13/12/2012 high).

These new lows have forced us to close our long strategy.

The break of prior support at 0.9423 (18/06/2012 low) has invalidated the succession of higher lows that started in August 2011. The break to the downside out of the horizontal range between 0.9215 (17/10/2012 low) and 0.9502 (31/08/2012 low) confirms a bearish bias.

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