Commodity Prices

Gold •144 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	959.70	-15.40	-1.58%
WTI Crude •10 mins	70.80	-0.44	-0.62%
Gasoline •13 mins	2.046	-0.016	-0.77%
Ethanol •144 days	2.161	+0.000	+0.00%
Silver •144 days	30.82	+1.16	+3.92%

Silver • 144 days	30.82	+1.16	+3.92%
Copper • 144 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.72	-0.45	-0.60%
Natural Gas • 10 mins	3.380	+0.251	+8.02%
Heating Oil • 12 mins	2.277	+0.002	+0.08%

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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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