Commodity Prices

Gold •421 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,350.60	-11.10	-0.82%
WTI Crude •10 mins	64.40	-0.20	-0.31%
Gasoline •12 hours	2.199	+0.050	+2.34%
Ethanol •421 days	2.161	+0.000	+0.00%
Silver •421 days	30.82	+1.16	+3.92%

Silver • 421 days	30.82	+1.16	+3.92%
Copper • 421 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	68.21	-0.41	-0.60%
Natural Gas • 11 mins	2.978	+0.034	+1.15%
Heating Oil • 2 hours	2.281	-0.029	-1.24%

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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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