Commodity Prices

Gold •299 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	986.00	-9.20	-0.92%
WTI Crude •10 mins	60.96	-1.09	-1.76%
Gasoline •11 mins	2.072	-0.034	-1.62%
Ethanol •299 days	2.161	+0.000	+0.00%
Silver •299 days	30.82	+1.16	+3.92%

Silver • 299 days	30.82	+1.16	+3.92%
Copper • 299 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	64.64	-1.22	-1.85%
Natural Gas • 10 mins	3.380	+0.037	+1.11%
Heating Oil • 12 mins	2.134	-0.042	-1.92%

Headlines

684 days Will The ECB Continue To Hike Rates?
684 days Forbes: Aramco Remains Largest Company In The Middle East
686 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,086 days Could Crypto Overtake Traditional Investment?
1,091 days Americans Still Quitting Jobs At Record Pace
1,093 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,096 days Is The Dollar Too Strong?
1,096 days Big Tech Disappoints Investors on Earnings Calls
1,097 days Fear And Celebration On Twitter as Musk Takes The Reins
1,099 days China Is Quietly Trying To Distance Itself From Russia
1,099 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,103 days Crypto Investors Won Big In 2021
1,103 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,104 days Food Prices Are Skyrocketing As Putin’s War Persists
1,106 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,107 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,110 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,111 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,111 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,113 days Are NFTs About To Take Over Gaming?

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

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.

Daily Technical Report