Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	971.20	+5.40	+0.56%
WTI Crude •10 mins	70.09	+1.34	+1.95%
Gasoline •10 mins	2.059	+0.013	+0.63%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.21	+1.40	+1.92%
Natural Gas • 10 mins	3.341	+0.148	+4.64%
Heating Oil • 10 mins	2.273	+0.047	+2.09%

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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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