Commodity Prices

Gold •20 mins	2,418.60	+20.60	+0.86%
Platinum •20 mins	955.00	+0.50	+0.05%
WTI Crude •10 mins	86.20	+3.47	+4.19%
Gasoline •11 mins	2.776	+0.063	+2.31%
Ethanol •5 hours	2.161	+0.000	+0.00%
Silver •20 mins	28.66	+0.28	+0.99%

Silver • 20 mins	28.66	+0.28	+0.99%
Copper • 20 mins	4.443	+0.006	+0.14%
Brent Crude • 10 mins	90.57	+3.46	+3.97%
Natural Gas • 10 mins	1.778	+0.021	+1.20%
Heating Oil • 11 mins	2.647	+0.113	+4.46%

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USD/JPY: Challenging The Recent Highs at 99.94

By - Apr 22, 2013, 5:26 AM CDT

USD/JPY is challenging the resistance at 99.94 (11/04/2013 high). Monitor also the strong resistance at 101.45. Hourly supports can be found at 98.96 (intraday low) and 97.22 (17/04/2013 low).

USD/JPY has validated a long-term bullish trend reversal formation by breaking the strong resistance at 85.53 (06/04/2011 high). A move towards the key resistance at 101.45 (06/04/2009 high) is expected.

A long-term bullish bias is favoured as long as the support at 92.57 (02/04/2013 low) holds. Further long-term strength towards 110.66 (15/08/2008 high) is likely.

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