Commodity Prices

Gold •422 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,370.50	+8.80	+0.65%
WTI Crude •4 hours	64.01	-0.59	-0.91%
Gasoline •6 hours	2.188	-0.012	-0.52%
Ethanol •422 days	2.161	+0.000	+0.00%
Silver •422 days	30.82	+1.16	+3.92%

Silver • 422 days	30.82	+1.16	+3.92%
Copper • 422 days	4.530	+0.111	+2.51%
Brent Crude • 6 hours	68.12	-0.50	-0.73%
Natural Gas • 4 hours	2.997	+0.053	+1.80%
Heating Oil • 6 hours	2.267	-0.043	-1.87%

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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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