Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	971.50	+1.00	+0.10%
WTI Crude •10 mins	70.44	+0.34	+0.49%
Gasoline •20 mins	2.065	+0.005	+0.26%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.52	+0.29	+0.39%
Natural Gas • 10 mins	3.437	+0.098	+2.94%
Heating Oil • 19 mins	2.280	+0.005	+0.23%

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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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