Commodity Prices

Gold •712 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,772.80	+60.60	+3.54%
WTI Crude •40 mins	80.75	-4.13	-4.87%
Gasoline •40 mins	2.947	-0.103	-3.36%
Ethanol •712 days	2.161	+0.000	+0.00%
Silver •712 days	30.82	+1.16	+3.92%

Silver • 712 days	30.82	+1.16	+3.92%
Copper • 712 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	83.56	-3.77	-4.32%
Natural Gas • 40 mins	3.147	+0.027	+0.87%
Heating Oil • 40 mins	3.267	-0.138	-4.05%

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USD/CHF - Challenging The Key Resistance at 0.9037

By - Jul 24, 2014, 5:11 AM CDT

USD/CHF has broken the resistance at 0.9013 (16/06/2014 high) and is now challenging the key resistance at 0.9037 (see also the declining channel). Initial supports can be found at 0.9016 (23/07/2014 low) and 0.9001 (intraday low). Another support lies at 0.8969 (17/07/2014 low).

From a longer term perspective, the bullish breakout of the key resistance at 0.8953 (04/04/2014 high) 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. Furthermore, a break of the resistance at 0.9037 would favour a second leg higher (echoing the one started on 8 May) with an upside potential at 0.9191. A strong resistance stands at 0.9156 (21/01/2014 high).

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