Commodity Prices

Gold •318 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	990.20	-5.20	-0.52%
WTI Crude •1 day	62.49	+0.87	+1.41%
Gasoline •1 day	2.142	+0.007	+0.35%
Ethanol •318 days	2.161	+0.000	+0.00%
Silver •318 days	30.82	+1.16	+3.92%

Silver • 318 days	30.82	+1.16	+3.92%
Copper • 318 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	65.41	+0.88	+1.36%
Natural Gas • 1 day	3.334	-0.028	-0.83%
Heating Oil • 1 day	2.141	-0.025	-1.17%

Headlines

703 days Will The ECB Continue To Hike Rates?
703 days Forbes: Aramco Remains Largest Company In The Middle East
705 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,105 days Could Crypto Overtake Traditional Investment?
1,110 days Americans Still Quitting Jobs At Record Pace
1,112 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,115 days Is The Dollar Too Strong?
1,115 days Big Tech Disappoints Investors on Earnings Calls
1,116 days Fear And Celebration On Twitter as Musk Takes The Reins
1,118 days China Is Quietly Trying To Distance Itself From Russia
1,118 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,122 days Crypto Investors Won Big In 2021
1,122 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,123 days Food Prices Are Skyrocketing As Putin’s War Persists
1,125 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,126 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,129 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,130 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,130 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,132 days Are NFTs About To Take Over Gaming?

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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 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).

Daily Technical Report