Commodity Prices

Gold •422 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,370.50	+8.80	+0.65%
WTI Crude •14 hours	64.01	-0.59	-0.91%
Gasoline •14 hours	2.188	-0.012	-0.52%
Ethanol •422 days	2.161	+0.000	+0.00%
Silver •422 days	30.82	+1.16	+3.92%

Silver • 422 days	30.82	+1.16	+3.92%
Copper • 422 days	4.530	+0.111	+2.51%
Brent Crude • 13 hours	68.12	-0.50	-0.73%
Natural Gas • 14 hours	2.997	+0.053	+1.80%
Heating Oil • 14 hours	2.267	-0.043	-1.87%

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USD/JPY: Challenging The Recent Highs at 99.94

By - Apr 22, 2013, 5:26 AM CDT

USD/JPY is challenging the resistance at 99.94 (11/04/2013 high). Monitor also the strong resistance at 101.45. Hourly supports can be found at 98.96 (intraday low) and 97.22 (17/04/2013 low).

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

A long-term bullish bias is favoured as long as the support at 92.57 (02/04/2013 low) holds. Further long-term strength towards 110.66 (15/08/2008 high) is likely.

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