Commodity Prices

Gold •480 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,589.60	-12.00	-0.75%
WTI Crude •11 mins	61.48	-0.02	-0.03%
Gasoline •12 mins	1.917	-0.006	-0.32%
Ethanol •480 days	2.161	+0.000	+0.00%
Silver •480 days	30.82	+1.16	+3.92%

Silver • 480 days	30.82	+1.16	+3.92%
Copper • 480 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	65.91	-0.03	-0.05%
Natural Gas • 11 mins	3.312	+0.008	+0.24%
Heating Oil • 13 mins	2.403	-0.001	-0.02%

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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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