Commodity Prices

Gold •272 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,005.20	-22.30	-2.17%
WTI Crude •10 mins	71.28	-0.20	-0.28%
Gasoline •10 mins	2.299	+0.008	+0.36%
Ethanol •272 days	2.161	+0.000	+0.00%
Silver •272 days	30.82	+1.16	+3.92%

Silver • 272 days	30.82	+1.16	+3.92%
Copper • 272 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.57	-0.20	-0.27%
Natural Gas • 10 mins	3.983	-0.136	-3.30%
Heating Oil • 10 mins	2.290	+0.011	+0.47%

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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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