Commodity Prices

Gold •618 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,042.10	-123.40	-5.70%
WTI Crude •20 hours	98.71	+2.98	+3.11%
Gasoline •20 hours	3.041	+0.077	+2.59%
Ethanol •618 days	2.161	+0.000	+0.00%
Silver •618 days	30.82	+1.16	+3.92%

Silver • 618 days	30.82	+1.16	+3.92%
Copper • 618 days	4.530	+0.111	+2.51%
Brent Crude • 19 hours	103.14	+2.68	+2.67%
Natural Gas • 20 hours	3.131	-0.102	-3.15%
Heating Oil • 20 hours	4.015	+0.116	+2.97%

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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.

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