Commodity Prices

Gold •318 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	990.20	-5.20	-0.52%
WTI Crude •23 hours	62.49	+0.87	+1.41%
Gasoline •23 hours	2.142	+0.007	+0.35%
Ethanol •318 days	2.161	+0.000	+0.00%
Silver •318 days	30.82	+1.16	+3.92%

Silver • 318 days	30.82	+1.16	+3.92%
Copper • 318 days	4.530	+0.111	+2.51%
Brent Crude • 22 hours	65.41	+0.88	+1.36%
Natural Gas • 23 hours	3.334	-0.028	-0.83%
Heating Oil • 23 hours	2.141	-0.025	-1.17%

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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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