Commodity Prices

Gold •625 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,920.10	-23.60	-1.21%
WTI Crude •11 mins	98.09	+2.54	+2.66%
Gasoline •12 mins	3.317	+0.190	+6.07%
Ethanol •625 days	2.161	+0.000	+0.00%
Silver •625 days	30.82	+1.16	+3.92%

Silver • 625 days	30.82	+1.16	+3.92%
Copper • 625 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	112.42	+3.77	+3.47%
Natural Gas • 11 mins	3.095	-0.071	-2.24%
Heating Oil • 11 mins	4.661	+0.319	+7.34%

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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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