Commodity Prices

Gold •393 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,303.90	+4.80	+0.37%
WTI Crude •11 mins	69.37	+0.11	+0.16%
Gasoline •5 hours	2.216	-0.054	-2.36%
Ethanol •393 days	2.161	+0.000	+0.00%
Silver •393 days	30.82	+1.16	+3.92%

Silver • 393 days	30.82	+1.16	+3.92%
Copper • 393 days	4.530	+0.111	+2.51%
Brent Crude • 5 hours	72.53	-0.71	-0.97%
Natural Gas • 10 mins	3.090	-0.016	-0.52%
Heating Oil • 5 hours	2.400	-0.019	-0.79%

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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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