Commodity Prices

Gold •708 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,699.90	+34.20	+2.05%
WTI Crude •11 mins	86.53	-1.18	-1.35%
Gasoline •11 mins	3.073	-0.028	-0.91%
Ethanol •708 days	2.161	+0.000	+0.00%
Silver •708 days	30.82	+1.16	+3.92%

Silver • 708 days	30.82	+1.16	+3.92%
Copper • 708 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	89.24	-1.14	-1.26%
Natural Gas • 11 mins	3.120	+0.033	+1.07%
Heating Oil • 11 mins	3.453	-0.060	-1.71%

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USD/JPY: Approaching its Recent High

By - Feb 18, 2013, 6:06 AM CST

USD/JPY has successfully tested its key support area defined by 92.17 (08/02/2013 low) and 91.98 (05/02/2013 low). It is now close to its previous high at 94.46. An hourly support is at 93.32 (intraday low).

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) has almost been reached. Another key resistance can be found at 101.45 (06/04/2009 high).

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