Commodity Prices

Gold •675 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,059.30	-3.00	-0.15%
WTI Crude •1 day	95.42	+0.61	+0.64%
Gasoline •1 day	3.527	+0.071	+2.05%
Ethanol •675 days	2.161	+0.000	+0.00%
Silver •675 days	30.82	+1.16	+3.92%

Silver • 675 days	30.82	+1.16	+3.92%
Copper • 675 days	4.530	+0.111	+2.51%
Brent Crude • 23 hours	101.29	+1.23	+1.23%
Natural Gas • 1 day	2.757	-0.012	-0.43%
Heating Oil • 1 day	3.899	+0.083	+2.16%

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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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