Commodity Prices

Gold •10 mins	2,336.40	-5.70	-0.24%
Platinum •10 mins	912.60	-10.20	-1.11%
WTI Crude •10 mins	82.90	-0.46	-0.55%
Gasoline •10 mins	2.712	-0.013	-0.48%
Ethanol •16 hours	2.161	+0.000	+0.00%
Silver •10 mins	27.32	-0.05	-0.17%

Silver • 10 mins	27.32	-0.05	-0.17%
Copper • 10 mins	4.483	+0.023	+0.52%
Brent Crude • 10 mins	88.08	-0.34	-0.38%
Natural Gas • 10 mins	1.747	-0.065	-3.59%
Heating Oil • 10 mins	2.549	-0.030	-1.16%

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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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