Commodity Prices

Gold •314 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	984.70	-7.50	-0.76%
WTI Crude •10 mins	63.48	-0.19	-0.30%
Gasoline •10 mins	2.174	+0.008	+0.35%
Ethanol •314 days	2.161	+0.000	+0.00%
Silver •314 days	30.82	+1.16	+3.92%

Silver • 314 days	30.82	+1.16	+3.92%
Copper • 314 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.42	-0.21	-0.32%
Natural Gas • 10 mins	3.488	-0.159	-4.36%
Heating Oil • 10 mins	2.188	+0.017	+0.76%

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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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