Commodity Prices

Gold •732 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,650.00	+21.90	+1.35%
WTI Crude •11 mins	68.39	-0.30	-0.44%
Gasoline •12 mins	2.940	+0.023	+0.77%
Ethanol •732 days	2.161	+0.000	+0.00%
Silver •732 days	30.82	+1.16	+3.92%

Silver • 732 days	30.82	+1.16	+3.92%
Copper • 732 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	71.71	-0.41	-0.57%
Natural Gas • 11 mins	3.168	-0.028	-0.88%
Heating Oil • 12 mins	3.262	+0.080	+2.51%

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USD/JPY: Making New Highs

By - Apr 08, 2013, 5:45 AM CDT

USD/JPY has broken the resistance at 96.71 (12/03/2013 high). A next resistance can be found at 99.74 (07/05/2009 high), while a strong resistance is at 101.45. Hourly supports are at 98.30 (intraday low) and 97.51 (intraday low).

Given the strong bullish momentum, we have raised our last target and our stop-loss.

USD/JPY has validated a long-term bullish trend reversal formation by breaking the strong resistance at 85.53 (06/04/2011 high). A move towards the key resistance at 101.45 (06/04/2009 high) is expected.

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