Commodity Prices

Gold •819 days	2,368.70	+35.30	+1.51%
Platinum •19 mins	1,736.00	+17.10	+0.99%
WTI Crude •10 mins	91.72	+1.30	+1.44%
Gasoline •11 mins	3.299	+0.039	+1.18%
Ethanol •819 days	2.161	+0.000	+0.00%
Silver •819 days	30.82	+1.16	+3.92%

Silver • 819 days	30.82	+1.16	+3.92%
Copper • 819 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	99.54	+1.51	+1.54%
Natural Gas • 11 mins	2.969	-0.057	-1.88%
Heating Oil • 10 mins	4.752	+0.064	+1.37%

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USD/CHF - Monitor The Short-Term Declining Channel

By - Aug 19, 2014, 5:29 AM CDT

USD/CHF strengthened yesterday, erasing all the losses made on Friday. Monitor the resistance implied by the declining channel (around 0.9091). Another resistance lies at 0.9115. A key support stands at 0.9008 (see also the rising trendline). Another support can be found at 0.8969 (17/07/2014 low).

From a longer term perspective, the recent technical improvements call for 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, the break of the resistance at 0.9037 calls for a second leg higher (echoing the one started on 8 May) with an upside potential at 0.9191. As a result, a test of the strong resistance at 0.9156 (21/01/2014 high) is expected.

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