Commodity Prices

Gold •628 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,875.50	+11.80	+0.63%
WTI Crude •11 mins	89.11	+0.98	+1.11%
Gasoline •25 mins	2.980	+0.005	+0.16%
Ethanol •628 days	2.161	+0.000	+0.00%
Silver •628 days	30.82	+1.16	+3.92%

Silver • 628 days	30.82	+1.16	+3.92%
Copper • 628 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	99.94	-12.25	-10.92%
Natural Gas • 11 mins	2.906	+0.015	+0.52%
Heating Oil • 11 mins	4.148	+0.092	+2.27%

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USD/JPY: Bouncing

By - May 03, 2013, 6:04 AM CDT

USD/JPY has successfully tested the support at 97.01. Monitor the hourly resistance at 98.33, as a decisive break would call for a move at 99.25 (bullish flag). A key resistance is at 99.94. An hourly support lies at 97.88 (intraday low).

In the longer-term, the strong resistance area between 100.00 and 101.45 (06/04/2009 high) has led to a consolidation phase. However, as long as the support at 95.77 (05/04/2013 low) holds, further long-term strength towards 110.66 (15/08/2008 high) is expected.

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