Commodity Prices

Gold •376 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,418.00	-51.90	-3.53%
WTI Crude •56 mins	66.98	-1.47	-2.15%
Gasoline •56 mins	2.165	-0.022	-0.99%
Ethanol •376 days	2.161	+0.000	+0.00%
Silver •376 days	30.82	+1.16	+3.92%

Silver • 376 days	30.82	+1.16	+3.92%
Copper • 376 days	4.530	+0.111	+2.51%
Brent Crude • 15 mins	69.11	-1.25	-1.78%
Natural Gas • 56 mins	3.466	+0.152	+4.59%
Heating Oil • 56 mins	2.390	-0.058	-2.35%

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EUR/JPY: Bouncing Sharply

By - Nov 13, 2013, 5:42 AM CST

EUR/JPY has bounced sharply after the successful test of the key support at 131.15. The resistance at 133.73 (06/11/2013 high) has been breached. Hourly supports can be found at 132.91 (12/11/2013 low) and 132.21 (11/11/2013 low). An initial resistance lies at 134.01 (12/11/2013 high).

In the longer term, we favour a further rise towards the strong resistance at 139.22 (05/06/2009 high) as long as the support at 131.15 (08/10/2013 low) holds. However, a sustainable move above this resistance is unlikely given the overall increasing overbought conditions.

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