Commodity Prices

Gold •462 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,703.00	+2.20	+0.13%
WTI Crude •11 mins	62.33	-0.22	-0.35%
Gasoline •11 mins	1.910	+0.000	+0.01%
Ethanol •462 days	2.161	+0.000	+0.00%
Silver •462 days	30.82	+1.16	+3.92%

Silver • 462 days	30.82	+1.16	+3.92%
Copper • 462 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	66.05	-0.20	-0.30%
Natural Gas • 11 mins	3.348	+0.015	+0.45%
Heating Oil • 12 mins	2.292	+0.001	+0.05%

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USD/JPY: Correcting

By - Jan 29, 2013, 9:08 AM CST

USD/JPY is correcting after having broken its resistance at 90.25. Hourly supports can be found at 90.29 (25/01/2013 low) and 89.85 (intraday low). A move towards the resistance at 92.89 is still favoured.

USD/JPY has validated a long-term bullish trend reversal formation by breaking the strong resistance at 85.53 (06/04/2011 high). The first long-term objective is the key resistance at 94.99 (04/05/2010 high). Another key resistance can be found at 101.45 (06/04/2009 high).

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