Commodity Prices

Gold •294 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	980.90	+1.30	+0.13%
WTI Crude •10 mins	62.84	+0.57	+0.92%
Gasoline •10 mins	2.092	+0.008	+0.40%
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	66.59	+0.47	+0.71%
Natural Gas • 10 mins	2.900	-0.122	-4.04%
Heating Oil • 11 mins	2.135	+0.008	+0.39%

Headlines

679 days Will The ECB Continue To Hike Rates?
679 days Forbes: Aramco Remains Largest Company In The Middle East
681 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,081 days Could Crypto Overtake Traditional Investment?
1,086 days Americans Still Quitting Jobs At Record Pace
1,088 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,091 days Is The Dollar Too Strong?
1,091 days Big Tech Disappoints Investors on Earnings Calls
1,092 days Fear And Celebration On Twitter as Musk Takes The Reins
1,094 days China Is Quietly Trying To Distance Itself From Russia
1,094 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,098 days Crypto Investors Won Big In 2021
1,098 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,099 days Food Prices Are Skyrocketing As Putin’s War Persists
1,101 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,102 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,105 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,106 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,106 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,108 days Are NFTs About To Take Over Gaming?

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

EUR/JPY: Breaking Out at 85.53

By - Dec 28, 2012, 5:23 AM CST

USD/JPY has broken its strong resistance at 85.53 (06/04/2011 high). Another resistance is at 89.16 (12/07/2010 high). Hourly supports can be found at 85.48 (27/12/2012 low) and 84.60 (25/12/2012 low).

USD/JPY is likely in a long-term bottoming process. The break of the strong resistance at 85.53 (06/04/2011 high) opens the way for further long-term strength towards the key resistance at 94.99 (04/05/2010 high). However, the general overbought conditions suggest that more attractive entry points are likely to present themselves in the future.

Daily Technical Report