Commodity Prices

Gold •500 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,565.20	-48.70	-3.02%
WTI Crude •1 day	60.09	+1.40	+2.39%
Gasoline •1 day	2.012	+0.052	+2.65%
Ethanol •500 days	2.161	+0.000	+0.00%
Silver •500 days	30.82	+1.16	+3.92%

Silver • 500 days	30.82	+1.16	+3.92%
Copper • 500 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	64.39	+1.38	+2.19%
Natural Gas • 1 day	4.566	-0.080	-1.72%
Heating Oil • 1 day	2.531	+0.066	+2.69%

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EUR/JPY: Consolidation Continues

By - Aug 30, 2013, 6:02 AM CDT

EUR/JPY is performing in a manner that is similar to what we have seen in GBP/JPY. Until the consolidation range between 127.98 and 132.74 (12/08/2013 low and 24/07/2013 high) is broken, we prefer to remain neutral. However, the break under daily trend line support makes us more wary of a bullish stance.

In the longer-term, we favour a further rise towards the strong resistance at 139.22 (05/06/2009 high) as long as the support at 124.94 (16/04/2013 low) holds. A key resistance stands at 133.80.

Daily Technical Report