Commodity Prices

Gold •759 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,658.70	-1.50	-0.09%
WTI Crude •1 day	84.67	+1.08	+1.29%
Gasoline •1 day	3.114	-0.017	-0.55%
Ethanol •759 days	2.161	+0.000	+0.00%
Silver •759 days	30.82	+1.16	+3.92%

Silver • 759 days	30.82	+1.16	+3.92%
Copper • 759 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	87.93	+1.05	+1.21%
Natural Gas • 1 day	2.747	-0.011	-0.40%
Heating Oil • 1 day	4.122	-0.088	-2.09%

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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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