Commodity Prices

Gold •523 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,666.20	+5.80	+0.35%
WTI Crude •11 mins	58.88	-1.20	-2.00%
Gasoline •11 mins	1.795	-0.003	-0.16%
Ethanol •523 days	2.161	+0.000	+0.00%
Silver •523 days	30.82	+1.16	+3.92%

Silver • 523 days	30.82	+1.16	+3.92%
Copper • 523 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	62.49	-1.26	-1.98%
Natural Gas • 13 mins	4.873	-0.039	-0.79%
Heating Oil • 12 mins	2.297	-0.002	-0.07%

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USD/JPY: Moving Back Toward The Highs

By - Mar 19, 2013, 6:42 AM CDT

USD/JPY has erased all the losses made yesterday. Further rise towards the resistance at 96.71 (12/03/2013 high) is likely. An hourly support is at 94.82 (intraday low). Another support can be found at 93.57 (18/03/2013 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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