Commodity Prices

Gold •294 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	978.50	-1.10	-0.11%
WTI Crude •10 mins	62.30	+0.03	+0.05%
Gasoline •12 mins	2.084	+0.000	+0.02%
Ethanol •294 days	2.161	+0.000	+0.00%
Silver •294 days	30.82	+1.16	+3.92%

Silver • 294 days	30.82	+1.16	+3.92%
Copper • 294 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.07	-0.05	-0.08%
Natural Gas • 10 mins	2.896	-0.126	-4.17%
Heating Oil • 10 mins	2.127	-0.000	-0.01%

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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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