Commodity Prices

Gold •748 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,670.40	+32.50	+1.98%
WTI Crude •11 mins	85.39	+1.05	+1.24%
Gasoline •15 mins	3.424	+0.019	+0.54%
Ethanol •748 days	2.161	+0.000	+0.00%
Silver •748 days	30.82	+1.16	+3.92%

Silver • 748 days	30.82	+1.16	+3.92%
Copper • 748 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	92.27	+1.26	+1.38%
Natural Gas • 11 mins	2.872	+0.007	+0.24%
Heating Oil • 14 mins	4.151	+0.024	+0.58%

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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.

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