Commodity Prices

Gold •274 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	953.70	-2.90	-0.30%
WTI Crude •10 mins	66.40	-0.55	-0.82%
Gasoline •11 mins	2.145	-0.020	-0.91%
Ethanol •274 days	2.161	+0.000	+0.00%
Silver •274 days	30.82	+1.16	+3.92%

Silver • 274 days	30.82	+1.16	+3.92%
Copper • 274 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	69.59	-0.55	-0.78%
Natural Gas • 10 mins	4.117	-0.021	-0.51%
Heating Oil • 11 mins	2.170	-0.019	-0.88%

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USD/JPY: Pushing Higher

By - May 13, 2014, 5:17 AM CDT

USD/JPY has bounced close to the key support area between 101.20 (03/03/2014 low) and 100.76 (see also the long-term rising channel). The break of the hourly resistance at 102.01 has validated a short-term base formation. Resistances are given by the declining trendline (around 102.64) and 103.02. An hourly support now lies at 101.85 (intraday low).

A long-term bullish bias is favoured as long as the key support 99.57 (19/11/2013 low) holds. Monitor the support area provided by the 200 day moving average (around 101.09) and the rising trendline from the 93.79 low (13/06/2013). A major resistance stands at 110.66 (15/08/2008 high).

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