Commodity Prices

Gold •691 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,954.20	+14.50	+0.75%
WTI Crude •11 mins	92.98	-3.62	-3.75%
Gasoline •11 mins	3.337	-0.117	-3.38%
Ethanol •691 days	2.161	+0.000	+0.00%
Silver •691 days	30.82	+1.16	+3.92%

Silver • 691 days	30.82	+1.16	+3.92%
Copper • 691 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	99.44	+3.30	+3.43%
Natural Gas • 13 mins	2.962	+0.055	+1.89%
Heating Oil • 11 mins	3.802	-0.086	-2.21%

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USD/CHF: Bouncing Sharply

By - Jan 15, 2013, 6:16 AM CST

USD/CHF bounced sharply yesterday. Monitor the resistance at 0.9274 (09/01/2013 low). Another resistance can be found at 0.9303 (04/01/2013 high). Hourly supports are at 0.9199 (intraday high) and 0.9111 (11/01/2013 low).

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 lower low made on 20 December 2012 confirms a bearish bias. A medium-term decline towards the key support at 0.8931 (24/02/2012 low) is expected.

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