Commodity Prices

Gold •632 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,887.10	+29.80	+1.60%
WTI Crude •10 hours	99.64	+5.16	+5.46%
Gasoline •10 hours	3.250	+0.120	+3.83%
Ethanol •632 days	2.161	+0.000	+0.00%
Silver •632 days	30.82	+1.16	+3.92%

Silver • 632 days	30.82	+1.16	+3.92%
Copper • 632 days	4.530	+0.111	+2.51%
Brent Crude • 9 hours	112.57	+4.56	+4.22%
Natural Gas • 10 hours	3.095	+0.096	+3.20%
Heating Oil • 10 hours	4.496	+0.222	+5.20%

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USD/JPY: Long-Term Declining Channel Has Been Broken

By - Nov 19, 2012, 5:09 AM CST

USD/JPY has broken its resistance at 80.62 and its long-term declining channel. The next resistance is at 81.78. Hourly supports can be found at 80.90 (16/11/2012 low) and 80.76 (intraday low).

USD/JPY is likely in a long-term bottoming process. The break of the key resistance at 80.62 (25/06/2012 high) opens the way for further medium-term strength. A strong long-term resistance is at 85.53 (06/04/2011 high).

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