Commodity Prices

Gold •441 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,375.20	-1.40	-0.10%
WTI Crude •11 mins	63.75	-0.30	-0.47%
Gasoline •15 mins	2.016	-0.012	-0.61%
Ethanol •441 days	2.161	+0.000	+0.00%
Silver •441 days	30.82	+1.16	+3.92%

Silver • 441 days	30.82	+1.16	+3.92%
Copper • 441 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	67.67	-0.28	-0.41%
Natural Gas • 11 mins	3.070	-0.030	-0.97%
Heating Oil • 13 mins	2.341	-0.013	-0.57%

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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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