Commodity Prices

Gold •642 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,981.60	+4.10	+0.21%
WTI Crude •11 mins	111.65	-0.76	-0.68%
Gasoline •11 mins	3.263	-0.045	-1.37%
Ethanol •642 days	2.161	+0.000	+0.00%
Silver •642 days	30.82	+1.16	+3.92%

Silver • 642 days	30.82	+1.16	+3.92%
Copper • 642 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	108.20	-1.57	-1.43%
Natural Gas • 11 mins	2.761	-0.050	-1.78%
Heating Oil • 11 mins	4.373	+0.045	+1.04%

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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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