Commodity Prices

Gold •442 days	2,368.70	+35.30	+1.51%
Platinum •19 mins	1,394.40	-5.80	-0.41%
WTI Crude •13 mins	63.47	-0.10	-0.16%
Gasoline •13 mins	2.010	-0.001	-0.05%
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 • 12 mins	67.37	-0.07	-0.10%
Natural Gas • 12 mins	2.938	-0.001	-0.03%
Heating Oil • 22 mins	2.338	-0.002	-0.10%

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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.

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