Commodity Prices

Gold •473 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,623.80	+4.30	+0.27%
WTI Crude •12 mins	57.30	-0.24	-0.42%
Gasoline •13 mins	1.828	-0.010	-0.55%
Ethanol •473 days	2.161	+0.000	+0.00%
Silver •473 days	30.82	+1.16	+3.92%

Silver • 473 days	30.82	+1.16	+3.92%
Copper • 473 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	61.05	-0.24	-0.39%
Natural Gas • 11 mins	3.144	+0.136	+4.52%
Heating Oil • 15 mins	2.179	-0.001	-0.03%

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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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