Commodity Prices

Gold •498 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,593.80	-37.60	-2.30%
WTI Crude •11 mins	58.81	+0.32	+0.55%
Gasoline •11 mins	1.963	+0.008	+0.39%
Ethanol •498 days	2.161	+0.000	+0.00%
Silver •498 days	30.82	+1.16	+3.92%

Silver • 498 days	30.82	+1.16	+3.92%
Copper • 498 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	63.12	+0.41	+0.65%
Natural Gas • 11 mins	4.640	+0.107	+2.36%
Heating Oil • 11 mins	2.472	-0.009	-0.37%

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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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