Commodity Prices

Gold •367 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,407.10	+25.00	+1.81%
WTI Crude •1 day	66.50	-0.50	-0.75%
Gasoline •1 day	2.117	-0.002	-0.07%
Ethanol •367 days	2.161	+0.000	+0.00%
Silver •367 days	30.82	+1.16	+3.92%

Silver • 367 days	30.82	+1.16	+3.92%
Copper • 367 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	68.30	-0.50	-0.73%
Natural Gas • 1 day	3.387	-0.022	-0.65%
Heating Oil • 1 day	2.409	+0.039	+1.65%

Headlines

752 days Will The ECB Continue To Hike Rates?
752 days Forbes: Aramco Remains Largest Company In The Middle East
754 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,154 days Could Crypto Overtake Traditional Investment?
1,158 days Americans Still Quitting Jobs At Record Pace
1,160 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,163 days Is The Dollar Too Strong?
1,164 days Big Tech Disappoints Investors on Earnings Calls
1,165 days Fear And Celebration On Twitter as Musk Takes The Reins
1,166 days China Is Quietly Trying To Distance Itself From Russia
1,167 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,171 days Crypto Investors Won Big In 2021
1,171 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,172 days Food Prices Are Skyrocketing As Putin’s War Persists
1,174 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,174 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,178 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,178 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,179 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,181 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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 - 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.

Daily Technical Report