Commodity Prices

Gold •812 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,757.70	+9.10	+0.52%
WTI Crude •11 mins	92.41	+0.25	+0.27%
Gasoline •11 mins	3.599	+0.012	+0.33%
Ethanol •812 days	2.161	+0.000	+0.00%
Silver •812 days	30.82	+1.16	+3.92%

Silver • 812 days	30.82	+1.16	+3.92%
Copper • 812 days	4.530	+0.111	+2.51%
Brent Crude • 50 mins	103.08	+3.83	+3.86%
Natural Gas • 11 mins	3.039	+0.016	+0.53%
Heating Oil • 17 mins	4.832	+0.056	+1.17%

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USD/JPY: Making New Highs

By - Feb 01, 2013, 5:35 AM CST

USD/JPY is making higher highs confirming the strong underlying uptrend. A move towards the resistance at 92.89 (04/06/2010 high) is favoured. Another resistance can be found at 94.99 (04/05/2010 high). An hourly support is at 91.62 (intraday low). Another support can be found at 90.75 (31/01/2013 low).

We have raised the stop-loss of our long strategy given the recent rise.

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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