Commodity Prices

Gold •368 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,406.00	-1.10	-0.08%
WTI Crude •10 mins	65.90	-0.60	-0.90%
Gasoline •10 mins	2.104	-0.013	-0.62%
Ethanol •368 days	2.161	+0.000	+0.00%
Silver •368 days	30.82	+1.16	+3.92%

Silver • 368 days	30.82	+1.16	+3.92%
Copper • 368 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.76	-0.54	-0.79%
Natural Gas • 10 mins	3.336	-0.051	-1.51%
Heating Oil • 10 mins	2.394	-0.015	-0.63%

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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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