Commodity Prices

Gold •618 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,042.10	-123.40	-5.70%
WTI Crude •18 hours	98.71	+2.98	+3.11%
Gasoline •18 hours	3.041	+0.077	+2.59%
Ethanol •618 days	2.161	+0.000	+0.00%
Silver •618 days	30.82	+1.16	+3.92%

Silver • 618 days	30.82	+1.16	+3.92%
Copper • 618 days	4.530	+0.111	+2.51%
Brent Crude • 17 hours	103.14	+2.68	+2.67%
Natural Gas • 18 hours	3.131	-0.102	-3.15%
Heating Oil • 18 hours	4.015	+0.116	+2.97%

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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.

Daily Technical Report