Commodity Prices

Gold •782 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,861.00	-28.20	-1.49%
WTI Crude •11 mins	82.63	-2.38	-2.80%
Gasoline •11 mins	3.266	-0.005	-0.15%
Ethanol •782 days	2.161	+0.000	+0.00%
Silver •782 days	30.82	+1.16	+3.92%

Silver • 782 days	30.82	+1.16	+3.92%
Copper • 782 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	89.42	-2.75	-2.98%
Natural Gas • 11 mins	2.728	-0.054	-1.94%
Heating Oil • 12 mins	4.261	-0.007	-0.17%

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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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