Commodity Prices

Gold •640 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,983.20	-6.50	-0.33%
WTI Crude •2 days	111.54	+11.42	+11.41%
Gasoline •2 days	3.288	+0.197	+6.36%
Ethanol •640 days	2.161	+0.000	+0.00%
Silver •640 days	30.82	+1.16	+3.92%

Silver • 640 days	30.82	+1.16	+3.92%
Copper • 640 days	4.530	+0.111	+2.51%
Brent Crude • 2 days	109.03	+7.87	+7.78%
Natural Gas • 2 days	2.800	-0.019	-0.67%
Heating Oil • 2 days	4.361	+0.304	+7.50%

Headlines

1,025 days Will The ECB Continue To Hike Rates?
1,025 days Forbes: Aramco Remains Largest Company In The Middle East
1,027 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,427 days Could Crypto Overtake Traditional Investment?
1,432 days Americans Still Quitting Jobs At Record Pace
1,434 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,437 days Is The Dollar Too Strong?
1,437 days Big Tech Disappoints Investors on Earnings Calls
1,438 days Fear And Celebration On Twitter as Musk Takes The Reins
1,440 days China Is Quietly Trying To Distance Itself From Russia
1,440 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,444 days Crypto Investors Won Big In 2021
1,444 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,445 days Food Prices Are Skyrocketing As Putin’s War Persists
1,447 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,448 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,451 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,452 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,452 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,454 days Are NFTs About To Take Over Gaming?

Trader Compares Current Market Environment To 2007

It’s a mistake to view…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

USD/CHF: Bearish Breakout at 0.9521

By - Jun 04, 2013, 5:09 AM CDT

USD/CHF has broken the key support at 0.9521. Another key support can be found at 0.9334 (see 200 day moving average and rising trendline linking the low at 0.9022 (01/02/2013 low) to the one at 0.9207). Hourly resistances are at 0.9541 (intraday low, see also the declining trendline) and 0.9625.

Longer-term, USD/CHF has broken its resistance area between 0.9567 and 0.9636 (28/08/2012 high). A medium-term rise towards the strong resistance area between 0.9972 (24/07/2012 high) and 1.0067 (01/12/2010 high) is expected. The recent weakness from 0.9839 is seen as a short-term correction as long as the key support at 0.9334 (14/05/2013 low) holds.

Daily Technical Report