Commodity Prices

Gold •15 mins	2,413.80	+15.80	+0.66%
Platinum •14 mins	943.80	-10.70	-1.12%
WTI Crude •3 hours	83.14	+0.41	+0.50%
Gasoline •3 hours	2.710	-0.003	-0.13%
Ethanol •3 hours	2.161	+0.000	+0.00%
Silver •15 mins	28.84	+0.46	+1.63%

Silver • 15 mins	28.84	+0.46	+1.63%
Copper • 15 mins	4.498	+0.061	+1.37%
Brent Crude • 2 hours	87.29	+0.18	+0.21%
Natural Gas • 3 hours	1.752	-0.005	-0.28%
Heating Oil • 3 hours	2.541	+0.007	+0.29%

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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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