Commodity Prices

Gold •638 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,983.20	-6.50	-0.33%
WTI Crude •16 hours	111.54	+11.42	+11.41%
Gasoline •16 hours	3.288	+0.197	+6.36%
Ethanol •638 days	2.161	+0.000	+0.00%
Silver •638 days	30.82	+1.16	+3.92%

Silver • 638 days	30.82	+1.16	+3.92%
Copper • 638 days	4.530	+0.111	+2.51%
Brent Crude • 15 hours	109.03	+7.87	+7.78%
Natural Gas • 16 hours	2.800	-0.019	-0.67%
Heating Oil • 16 hours	4.361	+0.304	+7.50%

Headlines

1,023 days Will The ECB Continue To Hike Rates?
1,023 days Forbes: Aramco Remains Largest Company In The Middle East
1,025 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,425 days Could Crypto Overtake Traditional Investment?
1,430 days Americans Still Quitting Jobs At Record Pace
1,432 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,435 days Is The Dollar Too Strong?
1,435 days Big Tech Disappoints Investors on Earnings Calls
1,436 days Fear And Celebration On Twitter as Musk Takes The Reins
1,438 days China Is Quietly Trying To Distance Itself From Russia
1,438 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,442 days Crypto Investors Won Big In 2021
1,442 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,443 days Food Prices Are Skyrocketing As Putin’s War Persists
1,445 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,446 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,449 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,450 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,450 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,452 days Are NFTs About To Take Over Gaming?

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

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 - The Resistance at 1.0900 Has Been Broken

By - Jul 27, 2016, 6:34 AM CDT

USD/CHF continues to post higher lows, indicating a persistent short-term buying interest. However, given the resistance area between 0.9949 and 1.0328, the upside potential seems limited. Hourly support at 0.9910 (intraday low) and 0.9764 (14/07/2016 high).

In the long-term, the pair is still trading in range since 2011 despite some turmoil when the SNB unpegged the CHF. Key support can be found 0.8986 (30/01/2015 low). The technical structure favours a long term bullish bias since last December.

Daily Technical Report