Commodity Prices

Gold •337 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,166.50	+30.00	+2.64%
WTI Crude •10 mins	63.06	-0.31	-0.49%
Gasoline •10 mins	2.056	-0.007	-0.35%
Ethanol •337 days	2.161	+0.000	+0.00%
Silver •337 days	30.82	+1.16	+3.92%

Silver • 337 days	30.82	+1.16	+3.92%
Copper • 337 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	65.11	-0.23	-0.35%
Natural Gas • 11 mins	3.708	+0.031	+0.84%
Heating Oil • 10 mins	2.083	-0.012	-0.56%

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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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