Commodity Prices

Gold •376 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,419.40	+1.40	+0.10%
WTI Crude •10 mins	66.83	-0.15	-0.22%
Gasoline •10 mins	2.161	-0.004	-0.20%
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 • 10 mins	69.09	-0.12	-0.17%
Natural Gas • 12 mins	3.446	-0.020	-0.58%
Heating Oil • 11 mins	2.380	-0.010	-0.43%

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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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