Commodity Prices

Gold •294 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	978.10	-1.50	-0.15%
WTI Crude •10 mins	62.44	+0.17	+0.27%
Gasoline •12 mins	2.089	+0.005	+0.24%
Ethanol •294 days	2.161	+0.000	+0.00%
Silver •294 days	30.82	+1.16	+3.92%

Silver • 294 days	30.82	+1.16	+3.92%
Copper • 294 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.22	+0.10	+0.15%
Natural Gas • 10 mins	2.883	-0.139	-4.60%
Heating Oil • 10 mins	2.133	+0.006	+0.26%

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USD/CHF: Dead Cat Bounce Thus Far

By - May 08, 2014, 5:31 AM CDT

USD/CHF bounced yesterday. However, prices have thus far failed to break the initial resistance at 0.8765 (05/05/2014 low). Another hourly resistance lies at 0.8784. A key support can be found at 0.8699.

From a longer term perspective, the structure present since 0.9972 (24/07/2012) is seen as a large corrective phase. However, a decisive break of the key resistance at 0.8930/0.8953 is needed to validate a bullish reversal pattern.

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