Commodity Prices

Gold •361 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,345.70	-6.20	-0.46%
WTI Crude •10 mins	64.87	-0.65	-0.99%
Gasoline •24 mins	2.090	+0.020	+0.99%
Ethanol •361 days	2.161	+0.000	+0.00%
Silver •361 days	30.82	+1.16	+3.92%

Silver • 361 days	30.82	+1.16	+3.92%
Copper • 361 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.55	-0.22	-0.32%
Natural Gas • 10 mins	3.489	-0.250	-6.69%
Heating Oil • 22 mins	2.341	+0.034	+1.47%

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EUR/CHF - EUR/CHF is Again a Free-Floating Currency

By - Jan 16, 2015, 2:01 PM CST

EUR/CHF has collapsed after the SNB removed the floor at 1.20000. The subsequent sell-off has stopped at 0.8517, which should act as a support in the coming weeks. An hourly support lies at 0.9715 (intraday low). Resistances can now be found at 1.0263 (50% retacement of yesterday's decline) and 1.0675 (61.8% retracement of yesterday's decline).

The EUR/CHF is again a free-floating currency and has declined to uncharted water. With the upcoming ECB's decision on 22 January, persistent selling pressures are likely to remain on EUR/CHF.

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