Commodity Prices

Gold •646 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,052.40	-59.70	-2.83%
WTI Crude •11 mins	95.57	-2.30	-2.35%
Gasoline •11 mins	3.009	+0.009	+0.29%
Ethanol •646 days	2.161	+0.000	+0.00%
Silver •646 days	30.82	+1.16	+3.92%

Silver • 646 days	30.82	+1.16	+3.92%
Copper • 646 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	94.35	-1.57	-1.64%
Natural Gas • 11 mins	2.650	-0.020	-0.75%
Heating Oil • 12 mins	3.738	-0.199	-5.06%

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USD/CHF - Remains Near The High of its Rising Channel

By - Jul 22, 2014, 6:14 AM CDT

USD/CHF remains well supported as can be seen by the current mild price correction. Monitor the hourly support at 0.8969. A key resistance area stands between 0.9013 (16/06/2014 high) and 0.9037. Another support lies at 0.8938 (09/07/2014 high).

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 strong resistance stands at 0.9156 (21/01/2014 high).

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