Commodity Prices

Gold •503 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,550.40	-4.80	-0.31%
WTI Crude •11 mins	60.26	-0.48	-0.79%
Gasoline •11 mins	1.978	-0.021	-1.06%
Ethanol •503 days	2.161	+0.000	+0.00%
Silver •503 days	30.82	+1.16	+3.92%

Silver • 503 days	30.82	+1.16	+3.92%
Copper • 503 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.35	-0.54	-0.83%
Natural Gas • 11 mins	4.388	+0.017	+0.39%
Heating Oil • 11 mins	2.682	-0.019	-0.72%

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USD/JPY: Second Upleg Underway?

By - Mar 24, 2014, 4:51 AM CDT

USD/JPY has bounced sharply near the key support at 101.20. Monitor the hourly resistance at 102.68, as a break would favour a second upleg towards 103.42. Another resistance stands at 103.76. An hourly support lies at 102.02 (21/03/2014 low).

A long-term bullish bias is favoured as long as the key support area given by the 200 day moving average (around 100.48) and 99.57 (see also the rising trendline from the 93.79 low (13/06/2013)) holds. A major resistance stands at 110.66 (15/08/2008 high).

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