Commodity Prices

Gold •313 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	980.10	+4.50	+0.46%
WTI Crude •10 mins	61.67	-0.28	-0.45%
Gasoline •11 mins	2.126	-0.007	-0.33%
Ethanol •313 days	2.161	+0.000	+0.00%
Silver •313 days	30.82	+1.16	+3.92%

Silver • 313 days	30.82	+1.16	+3.92%
Copper • 313 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	64.65	-0.31	-0.48%
Natural Gas • 13 mins	3.694	+0.048	+1.32%
Heating Oil • 11 mins	2.103	-0.008	-0.37%

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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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