Commodity Prices

Gold •617 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	2,080.60	-84.90	-3.92%
WTI Crude •11 mins	95.94	+0.21	+0.22%
Gasoline •11 mins	2.962	-0.003	-0.09%
Ethanol •617 days	2.161	+0.000	+0.00%
Silver •617 days	30.82	+1.16	+3.92%

Silver • 617 days	30.82	+1.16	+3.92%
Copper • 617 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	101.28	+0.82	+0.82%
Natural Gas • 11 mins	3.288	+0.055	+1.70%
Heating Oil • 11 mins	3.870	-0.029	-0.74%

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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.

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