Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	970.00	-0.50	-0.05%
WTI Crude •10 mins	70.12	+0.02	+0.03%
Gasoline •12 mins	2.055	-0.005	-0.24%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.24	+0.01	+0.01%
Natural Gas • 10 mins	3.376	+0.037	+1.11%
Heating Oil • 12 mins	2.272	-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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