Commodity Prices

Gold •625 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,970.50	+26.80	+1.38%
WTI Crude •8 hours	98.23	+2.68	+2.80%
Gasoline •8 hours	3.286	+0.159	+5.09%
Ethanol •625 days	2.161	+0.000	+0.00%
Silver •625 days	30.82	+1.16	+3.92%

Silver • 625 days	30.82	+1.16	+3.92%
Copper • 625 days	4.530	+0.111	+2.51%
Brent Crude • 7 hours	112.19	+3.54	+3.26%
Natural Gas • 8 hours	3.095	-0.071	-2.24%
Heating Oil • 8 hours	4.608	+0.266	+6.14%

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USD/CHF - Monitor The Test of The Strong Resistance at 0.9156

By - Aug 21, 2014, 5:33 AM CDT

USD/CHF has broken the resistance at 0.9115 (06/08/2014 high) and is now close to the strong resistance at 0.9156 (see also the 38.2% retracement). Hourly supports can be found at 0.9106 (intraday low) and 0.9088 (intraday 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. Monitor the test of the strong resistance at 0.9156 (21/01/2014 high).

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