Commodity Prices

Gold •689 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,939.70	-25.10	-1.28%
WTI Crude •1 day	96.60	+0.25	+0.26%
Gasoline •1 day	3.454	+0.074	+2.20%
Ethanol •689 days	2.161	+0.000	+0.00%
Silver •689 days	30.82	+1.16	+3.92%

Silver • 689 days	30.82	+1.16	+3.92%
Copper • 689 days	4.530	+0.111	+2.51%
Brent Crude • 24 hours	103.54	+0.96	+0.94%
Natural Gas • 1 day	2.907	-0.111	-3.68%
Heating Oil • 1 day	3.888	+0.056	+1.47%

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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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