Commodity Prices

Gold •763 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,746.10	-9.90	-0.56%
WTI Crude •11 mins	74.97	-0.80	-1.06%
Gasoline •11 mins	2.826	-0.026	-0.92%
Ethanol •763 days	2.161	+0.000	+0.00%
Silver •763 days	30.82	+1.16	+3.92%

Silver • 763 days	30.82	+1.16	+3.92%
Copper • 763 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	79.26	-0.10	-0.13%
Natural Gas • 11 mins	2.673	-0.009	-0.34%
Heating Oil • 11 mins	3.782	+0.012	+0.31%

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USD/CHF: Short-Term Triple-Top Validated

By - Jun 19, 2014, 5:35 AM CDT

USD/CHF has broken the support at 0.8960, validating a short-term triple-top. A decline towards the support at 0.8908 (05/06/2014 low, see also the 38.2% retracement) is expected. Another support stands at 0.8883. A strong resistance area lies between 0.9012 and 0.9037.

From a longer term perspective, the bullish breakout of the key resistance at 0.8953 suggests the end of the large corrective phase that started in July 2012. The long-term upside potential implied by the double-bottom formation is 0.9207. A key resistance stands at 0.9156 (21/01/2014 high).

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