Commodity Prices

Gold •10 mins	2,344.90	+2.40	+0.10%
Platinum •10 mins	930.30	+9.80	+1.06%
WTI Crude •10 mins	83.80	+0.23	+0.28%
Gasoline •24 mins	2.769	+0.011	+0.41%
Ethanol •6 hours	2.161	+0.000	+0.00%
Silver •10 mins	27.75	+0.12	+0.42%

Silver • 10 mins	27.75	+0.12	+0.42%
Copper • 10 mins	4.578	+0.039	+0.86%
Brent Crude • 14 mins	89.30	+0.29	+0.33%
Natural Gas • 19 mins	1.590	-0.048	-2.93%
Heating Oil • 1 hour	2.560	+0.010	+0.38%

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EUR/JPY: Bouncing Sharply

By - Nov 13, 2013, 5:42 AM CST

EUR/JPY has bounced sharply after the successful test of the key support at 131.15. The resistance at 133.73 (06/11/2013 high) has been breached. Hourly supports can be found at 132.91 (12/11/2013 low) and 132.21 (11/11/2013 low). An initial resistance lies at 134.01 (12/11/2013 high).

In the longer term, we favour a further rise towards the strong resistance at 139.22 (05/06/2009 high) as long as the support at 131.15 (08/10/2013 low) holds. However, a sustainable move above this resistance is unlikely given the overall increasing overbought conditions.

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