Commodity Prices

Gold •235 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	990.80	+3.10	+0.31%
WTI Crude •10 mins	70.34	-0.06	-0.09%
Gasoline •31 mins	2.026	-0.001	-0.05%
Ethanol •235 days	2.161	+0.000	+0.00%
Silver •235 days	30.82	+1.16	+3.92%

Silver • 235 days	30.82	+1.16	+3.92%
Copper • 235 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.46	+0.03	+0.04%
Natural Gas • 11 mins	4.028	-0.206	-4.87%
Heating Oil • 16 mins	2.425	-0.007	-0.29%

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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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