Commodity Prices

Gold •642 days	2,368.70	+35.30	+1.51%
Platinum •19 mins	1,967.20	-10.30	-0.52%
WTI Crude •11 mins	116.15	+3.74	+3.33%
Gasoline •11 mins	3.349	+0.041	+1.23%
Ethanol •642 days	2.161	+0.000	+0.00%
Silver •642 days	30.82	+1.16	+3.92%

Silver • 642 days	30.82	+1.16	+3.92%
Copper • 642 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	111.60	+1.83	+1.67%
Natural Gas • 11 mins	2.797	-0.014	-0.50%
Heating Oil • 13 mins	4.448	+0.119	+2.76%

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USD/JPY: Grinding Higher

By - Mar 12, 2013, 5:20 AM CDT

USD/JPY continues to move higher but at a slower pace compared to previous days. Resistances can be found at 96.71 (intraday high) and 97.79 (07/08/2009 high). Hourly supports can be found at 95.50 (intraday low) and 94.79 (08/03/2013 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, given by the key resistance at 94.99 (04/05/2010 high), has been reached. A move towards the next key resistance at 101.45 (06/04/2009 high) is expected.

Daily Technical Report