Commodity Prices

Gold •359 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,351.90	-63.10	-4.46%
WTI Crude •6 hours	65.52	+0.28	+0.43%
Gasoline •6 hours	2.090	-0.009	-0.44%
Ethanol •359 days	2.161	+0.000	+0.00%
Silver •359 days	30.82	+1.16	+3.92%

Silver • 359 days	30.82	+1.16	+3.92%
Copper • 359 days	4.530	+0.111	+2.51%
Brent Crude • 5 hours	67.77	+0.04	+0.06%
Natural Gas • 6 hours	3.739	+0.213	+6.04%
Heating Oil • 6 hours	2.307	-0.053	-2.24%

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USD/JPY: Approaching its Previous High at 98.65

By - Aug 22, 2013, 6:07 AM CDT

USD/JPY remains in a short-term succession of lower lows and lower highs since its peak at 101.53. However, the move above the initial resistance at 98.13 (19/08/2013 high) favours a test of the previous high at 98.65 (15/08/2013 high, see also the declining trendline). An hourly support stands at 97.55 (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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