Commodity Prices

Gold •317 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	990.20	-5.20	-0.52%
WTI Crude •6 hours	62.49	+0.87	+1.41%
Gasoline •6 hours	2.142	+0.007	+0.35%
Ethanol •317 days	2.161	+0.000	+0.00%
Silver •317 days	30.82	+1.16	+3.92%

Silver • 317 days	30.82	+1.16	+3.92%
Copper • 317 days	4.530	+0.111	+2.51%
Brent Crude • 5 hours	65.41	+0.88	+1.36%
Natural Gas • 6 hours	3.334	-0.028	-0.83%
Heating Oil • 6 hours	2.141	-0.025	-1.17%

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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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