Commodity Prices

Gold •624 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,972.00	+28.30	+1.46%
WTI Crude •11 mins	97.54	+1.99	+2.08%
Gasoline •11 mins	3.231	+0.104	+3.33%
Ethanol •625 days	2.161	+0.000	+0.00%
Silver •624 days	30.82	+1.16	+3.92%

Silver • 624 days	30.82	+1.16	+3.92%
Copper • 624 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	109.68	+1.03	+0.95%
Natural Gas • 11 mins	3.062	-0.104	-3.28%
Heating Oil • 11 mins	4.510	+0.168	+3.87%

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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.

Daily Technical Report