Commodity Prices

Gold •845 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,522.60	-22.80	-1.48%
WTI Crude •11 mins	100.85	-0.91	-0.89%
Gasoline •13 mins	3.202	-0.017	-0.52%
Ethanol •845 days	2.161	+0.000	+0.00%
Silver •845 days	30.82	+1.16	+3.92%

Silver • 845 days	30.82	+1.16	+3.92%
Copper • 845 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	114.73	-1.08	-0.93%
Natural Gas • 11 mins	2.596	-0.006	-0.23%
Heating Oil • 37 mins	4.872	-0.040	-0.82%

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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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