Commodity Prices

Gold •670 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,975.90	+14.40	+0.73%
WTI Crude •11 mins	104.32	-2.10	-1.97%
Gasoline •11 mins	3.698	-0.040	-1.07%
Ethanol •670 days	2.161	+0.000	+0.00%
Silver •670 days	30.82	+1.16	+3.92%

Silver • 670 days	30.82	+1.16	+3.92%
Copper • 670 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	113.29	-1.15	-1.00%
Natural Gas • 11 mins	2.836	-0.031	-1.08%
Heating Oil • 19 mins	4.016	-0.057	-1.39%

Headlines

1,055 days Will The ECB Continue To Hike Rates?
1,055 days Forbes: Aramco Remains Largest Company In The Middle East
1,057 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,457 days Could Crypto Overtake Traditional Investment?
1,461 days Americans Still Quitting Jobs At Record Pace
1,463 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,466 days Is The Dollar Too Strong?
1,467 days Big Tech Disappoints Investors on Earnings Calls
1,468 days Fear And Celebration On Twitter as Musk Takes The Reins
1,469 days China Is Quietly Trying To Distance Itself From Russia
1,470 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,473 days Crypto Investors Won Big In 2021
1,474 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,475 days Food Prices Are Skyrocketing As Putin’s War Persists
1,477 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,477 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,480 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,481 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,481 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,483 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

Is The Bull Market On Its Last Legs?

This aging bull market may…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

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.

Daily Technical Report