Commodity Prices

Gold •442 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,398.60	-1.60	-0.11%
WTI Crude •14 mins	63.48	-0.09	-0.14%
Gasoline •13 mins	2.012	+0.000	+0.02%
Ethanol •442 days	2.161	+0.000	+0.00%
Silver •442 days	30.82	+1.16	+3.92%

Silver • 442 days	30.82	+1.16	+3.92%
Copper • 442 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	67.41	-0.03	-0.04%
Natural Gas • 11 mins	2.939	-0.423	-12.58%
Heating Oil • 47 mins	2.338	-0.002	-0.10%

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USD/CHF: Approaching The Key Resistance at 0.9383

By - Jan 17, 2013, 5:49 AM CST

USD/CHF has broken its resistance at 0.9303 (04/01/2013 high). A key resistance is at 0.9383 (see also the high of the declining channel in the daily time frame). Hourly supports can be found at 0.9286 (16/01/2013 low) and 0.9218 (15/01/2013 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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