Commodity Prices

Gold •296 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	972.90	-7.40	-0.75%
WTI Crude •20 hours	63.02	+0.23	+0.37%
Gasoline •20 hours	2.119	+0.013	+0.63%
Ethanol •296 days	2.161	+0.000	+0.00%
Silver •296 days	30.82	+1.16	+3.92%

Silver • 296 days	30.82	+1.16	+3.92%
Copper • 296 days	4.530	+0.111	+2.51%
Brent Crude • 19 hours	66.87	+0.32	+0.48%
Natural Gas • 20 hours	2.937	+0.007	+0.24%
Heating Oil • 20 hours	2.167	+0.024	+1.10%

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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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