Commodity Prices

Gold •557 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,377.30	+80.60	+3.51%
WTI Crude •11 mins	58.74	-0.38	-0.64%
Gasoline •11 mins	1.772	-0.008	-0.46%
Ethanol •557 days	2.161	+0.000	+0.00%
Silver •557 days	30.82	+1.16	+3.92%

Silver • 557 days	30.82	+1.16	+3.92%
Copper • 557 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	62.98	-0.36	-0.57%
Natural Gas • 11 mins	3.229	+0.060	+1.89%
Heating Oil • 11 mins	2.127	-0.008	-0.38%

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USD/JPY: The Recent Low at 100.67 is Challenged

By - May 30, 2013, 5:35 AM CDT

USD/JPY has successfully tested its resistance at 102.59 and is now challenging the support at 100.67. Other supports can be found at 99.95 and 98.58. An initial resistance lies at 101.54 (intraday high).

The overextended nature of this market calls for some caution. 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 favoured. We do not expect a break of this resistance in the coming months though.

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