Commodity Prices

Gold •391 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,422.90	+3.30	+0.23%
WTI Crude •10 mins	68.76	-0.45	-0.65%
Gasoline •16 mins	2.201	-0.017	-0.78%
Ethanol •391 days	2.161	+0.000	+0.00%
Silver •391 days	30.82	+1.16	+3.92%

Silver • 391 days	30.82	+1.16	+3.92%
Copper • 391 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	72.06	-0.45	-0.62%
Natural Gas • 10 mins	3.144	+0.002	+0.06%
Heating Oil • 16 mins	2.402	-0.062	-2.53%

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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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