Commodity Prices

Gold •641 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,979.80	-3.40	-0.17%
WTI Crude •11 mins	111.57	+0.03	+0.03%
Gasoline •11 mins	3.289	+0.001	+0.03%
Ethanol •641 days	2.161	+0.000	+0.00%
Silver •641 days	30.82	+1.16	+3.92%

Silver • 641 days	30.82	+1.16	+3.92%
Copper • 641 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	109.36	+0.33	+0.30%
Natural Gas • 11 mins	2.811	+0.011	+0.39%
Heating Oil • 11 mins	4.357	-0.004	-0.10%

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USD/JPY: Challenging The Recent Highs

By - Dec 19, 2012, 5:31 AM CST

USD/JPY rose yesterday. It is now challenging its recent highs at 84.48 (17/12/2012 high). Hourly supports can be found at 83.61 (l17/12/2012 low) and 83.25 (intraday low).

The general overbought conditions and the strong resistance at 84.18 suggest an upcoming short-term phase of weakness.

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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