Commodity Prices

Gold •502 days	2,368.70	+35.30	+1.51%
Platinum •19 mins	1,553.70	-2.00	-0.13%
WTI Crude •11 mins	60.06	+0.15	+0.25%
Gasoline •11 mins	1.975	-0.015	-0.76%
Ethanol •503 days	2.161	+0.000	+0.00%
Silver •502 days	30.82	+1.16	+3.92%

Silver • 502 days	30.82	+1.16	+3.92%
Copper • 502 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.13	-0.07	-0.11%
Natural Gas • 11 mins	4.276	-0.085	-1.95%
Heating Oil • 11 mins	2.643	+0.096	+3.78%

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USD/JPY: Bullish Pause

By - Apr 24, 2014, 6:11 AM CDT

USD/JPY failed to break above short-term high at 102.34 (22/04/2014 high) yesterday. Despite a possible pullback, a move towards resistances are at 102.83 (21/04/2014 high) then a distant 104.21 (04/04/2014 high) is still favored.

A long-term bullish bias is favoured as long as the key support area given by the 200 day moving average (around 100.90) and 101.40 (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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