Commodity Prices

Gold •530 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,839.80	+23.90	+1.32%
WTI Crude •11 mins	56.45	-0.37	-0.65%
Gasoline •12 mins	1.723	-0.009	-0.53%
Ethanol •530 days	2.161	+0.000	+0.00%
Silver •530 days	30.82	+1.16	+3.92%

Silver • 530 days	30.82	+1.16	+3.92%
Copper • 530 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	60.19	-0.37	-0.61%
Natural Gas • 11 mins	3.988	-0.024	-0.60%
Heating Oil • 18 mins	2.173	-0.008	-0.37%

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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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