Commodity Prices

Gold •294 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	979.50	-0.10	-0.01%
WTI Crude •11 mins	62.27	-1.40	-2.20%
Gasoline •46 mins	2.081	-0.003	-0.14%
Ethanol •294 days	2.161	+0.000	+0.00%
Silver •294 days	30.82	+1.16	+3.92%

Silver • 294 days	30.82	+1.16	+3.92%
Copper • 294 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	66.12	-1.32	-1.96%
Natural Gas • 13 mins	3.000	-0.022	-0.73%
Heating Oil • 1 hour	2.126	-0.001	-0.02%

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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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