Commodity Prices

Gold •314 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	980.80	-11.40	-1.15%
WTI Crude •10 mins	63.24	-0.43	-0.68%
Gasoline •10 mins	2.171	+0.005	+0.23%
Ethanol •314 days	2.161	+0.000	+0.00%
Silver •314 days	30.82	+1.16	+3.92%

Silver • 314 days	30.82	+1.16	+3.92%
Copper • 314 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.21	-0.42	-0.63%
Natural Gas • 10 mins	3.536	-0.111	-3.04%
Heating Oil • 10 mins	2.195	+0.024	+1.09%

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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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