Commodity Prices

Gold •666 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,996.00	+1.40	+0.07%
WTI Crude •11 mins	105.34	+0.27	+0.26%
Gasoline •5 hours	3.772	+0.030	+0.81%
Ethanol •666 days	2.161	+0.000	+0.00%
Silver •666 days	30.82	+1.16	+3.92%

Silver • 666 days	30.82	+1.16	+3.92%
Copper • 666 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	111.47	+1.07	+0.97%
Natural Gas • 12 mins	2.773	+0.006	+0.22%
Heating Oil • 5 hours	4.138	-0.060	-1.44%

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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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