Commodity Prices

Gold •421 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,345.70	-16.00	-1.18%
WTI Crude •11 mins	64.40	-0.20	-0.31%
Gasoline •13 mins	2.239	+0.040	+1.82%
Ethanol •421 days	2.161	+0.000	+0.00%
Silver •421 days	30.82	+1.16	+3.92%

Silver • 421 days	30.82	+1.16	+3.92%
Copper • 421 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	68.27	-0.35	-0.51%
Natural Gas • 11 mins	2.963	+0.019	+0.65%
Heating Oil • 1 hour	2.295	-0.015	-0.65%

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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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