Commodity Prices

Gold •15 mins	2,014.50	-31.90	-1.56%
Platinum •15 mins	919.80	+7.80	+0.86%
WTI Crude •7 hours	71.23	+1.89	+2.73%
Gasoline •7 hours	2.050	+0.049	+2.43%
Ethanol •5 hours	2.161	+0.000	+0.00%
Silver •15 mins	23.28	-0.78	-3.25%

Silver • 15 mins	23.28	-0.78	-3.25%
Copper • 15 mins	3.831	+0.033	+0.87%
Brent Crude • 6 hours	75.84	+1.79	+2.42%
Natural Gas • 7 hours	2.581	-0.004	-0.15%
Heating Oil • 7 hours	2.581	+0.032	+1.25%

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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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