Commodity Prices

Gold •802 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,775.50	-22.10	-1.23%
WTI Crude •11 mins	103.26	+3.21	+3.21%
Gasoline •11 mins	3.385	+0.078	+2.36%
Ethanol •802 days	2.161	+0.000	+0.00%
Silver •802 days	30.82	+1.16	+3.92%

Silver • 802 days	30.82	+1.16	+3.92%
Copper • 802 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	107.88	+3.27	+3.13%
Natural Gas • 11 mins	2.901	+0.070	+2.47%
Heating Oil • 12 mins	5.048	+0.089	+1.79%

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USD/JPY: Short-Term Momentum Continues to Weaken

By - Sep 25, 2013, 5:44 AM CDT

USD/JPY validated last Thursday a bullish engulfing pattern. However, a break of the support at 98.49 (61.8% retracement of the recent rise) would invalidate the short-term positive implications implied by this pattern. Hourly resistances are at 99.18 (24/09/2013 high) and 99.67 (20/09/2013 high).

In the longer term, the bullish symmetrical triangle in the daily time frame favours a minimum move towards the previous top at 103.74 (22/05/2013 high). A support area can be found around 97.76 (18/09/2013 low, see also the rising trendline). A significant resistance stands at 101.53.

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