Commodity Prices

Gold •702 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,797.90	-102.00	-5.37%
WTI Crude •19 hours	90.54	-2.50	-2.69%
Gasoline •19 hours	3.046	+0.008	+0.25%
Ethanol •702 days	2.161	+0.000	+0.00%
Silver •702 days	30.82	+1.16	+3.92%

Silver • 702 days	30.82	+1.16	+3.92%
Copper • 702 days	4.530	+0.111	+2.51%
Brent Crude • 18 hours	93.09	-1.94	-2.04%
Natural Gas • 19 hours	3.229	-0.107	-3.21%
Heating Oil • 19 hours	3.587	-0.086	-2.35%

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GBP/JPY: Buying Interest is Fading

By - Feb 20, 2014, 5:41 AM CST

GBP/JPY has invalidated its recent succession of higher lows, reflecting a fading buying interest. Hourly supports stand at 169.13 (14/02/2014 low) and 168.33. Hourly resistances can now be found at 171.17 (19/02/2014 high) and 171.89 (see also the medium-term declining trendline).

The break of the major resistance at 163.09 calls for further long-term strength towards the resistance at 179.17 (15/08/2002 low). The longterm technical structure remains supportive as long as the key low at 154.73 (09/10/2013 low) holds.

Daily Technical Report