Commodity Prices

Gold •748 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,661.50	+23.30	+1.42%
WTI Crude •11 mins	87.71	+3.37	+4.00%
Gasoline •11 mins	3.474	+0.068	+2.00%
Ethanol •748 days	2.161	+0.000	+0.00%
Silver •748 days	30.82	+1.16	+3.92%

Silver • 748 days	30.82	+1.16	+3.92%
Copper • 748 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	94.48	+3.47	+3.81%
Natural Gas • 11 mins	2.884	+0.019	+0.66%
Heating Oil • 11 mins	4.229	+0.102	+2.47%

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USD/JPY: Has Met and Exceeded Its Inverted Head and Shoulders Target

By - Feb 07, 2013, 5:20 AM CST

USD/JPY is making higher highs confirming the strong underlying uptrend. In fact the long term inverted head and shoulders target has also been met close to the 92.50 region.

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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