Commodity Prices

Gold •393 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,297.90	-1.20	-0.09%
WTI Crude •10 mins	69.39	+0.13	+0.19%
Gasoline •15 mins	2.167	-0.007	-0.30%
Ethanol •393 days	2.161	+0.000	+0.00%
Silver •393 days	30.82	+1.16	+3.92%

Silver • 393 days	30.82	+1.16	+3.92%
Copper • 393 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	71.85	+0.15	+0.21%
Natural Gas • 10 mins	3.100	-0.006	-0.19%
Heating Oil • 12 mins	2.398	+0.002	+0.10%

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USD/JPY: Drifting Lower

By - Aug 20, 2013, 5:35 AM CDT

USD/JPY remains in a short-term succession of lower lows and lower highs since its peak at 101.53. A break of the resistance at 98.65 (15/08/2013 high, see also the declining trendline) is needed to improve the short-term technical configuration. Hourly supports are at 97.06 and 96.40 (intraday low).

A medium-term continuation pattern (symmetrical triangle) could be underway. Coupled with the 200 day moving average and the short-term oversold conditions, we see the region between 95.81 and 93.79 as a strong support area.

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