Commodity Prices

Gold •445 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,416.50	+16.30	+1.16%
WTI Crude •1 day	62.68	-0.89	-1.40%
Gasoline •1 day	1.971	-0.041	-2.02%
Ethanol •445 days	2.161	+0.000	+0.00%
Silver •445 days	30.82	+1.16	+3.92%

Silver • 445 days	30.82	+1.16	+3.92%
Copper • 445 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	66.68	-0.76	-1.13%
Natural Gas • 1 day	2.888	-0.051	-1.74%
Heating Oil • 1 day	2.299	-0.041	-1.76%

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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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