Commodity Prices

Gold •774 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,761.00	+4.10	+0.23%
WTI Crude •11 mins	82.82	+0.42	+0.51%
Gasoline •11 mins	3.199	+0.015	+0.47%
Ethanol •774 days	2.161	+0.000	+0.00%
Silver •774 days	30.82	+1.16	+3.92%

Silver • 774 days	30.82	+1.16	+3.92%
Copper • 774 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	89.37	+0.85	+0.96%
Natural Gas • 11 mins	2.644	-0.089	-3.26%
Heating Oil • 11 mins	4.330	+0.048	+1.11%

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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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