Commodity Prices

Gold •296 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	972.90	-7.40	-0.75%
WTI Crude •13 hours	63.02	+0.23	+0.37%
Gasoline •13 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 • 12 hours	66.87	+0.32	+0.48%
Natural Gas • 13 hours	2.937	+0.007	+0.24%
Heating Oil • 13 hours	2.167	+0.024	+1.10%

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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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