Commodity Prices

Gold •10 mins	1,509.70	-1.80	-0.12%
Platinum •10 mins	941.80	+2.60	+0.28%
WTI Crude •11 mins	59.09	-3.81	-6.06%
Gasoline •10 mins	1.642	-0.088	-5.08%
Ethanol •2 hours	1.378	-0.020	-1.43%
Silver •10 mins	18.08	+0.05	+0.27%

Silver • 10 mins	18.08	+0.05	+0.27%
Copper • 10 mins	2.628	-0.013	-0.49%
Brent Crude • 11 mins	63.19	-4.49	-6.63%
Natural Gas • 10 mins	2.661	-0.020	-0.75%
Heating Oil • 11 mins	1.987	-0.097	-4.66%

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USD/CHF - Time To Reload Bearish Positions

By - Feb 06, 2017, 6:25 AM CST

USD/CHF's momentum is definitely bearish. Key resistance is given at a distance at 1.0344 (15/12/2016 high). Closer resistance is given at 0.9935 (03/02/2016 high). The road is clearly wide-open for further decline.

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 nonetheless a long term bullish bias since the unpeg in January 2015.

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