Commodity Prices

Gold •836 days	2,368.70	+35.30	+1.51%
Platinum •19 mins	1,633.10	+11.60	+0.72%
WTI Crude •1 day	101.41	+3.44	+3.51%
Gasoline •1 day	3.235	+0.055	+1.74%
Ethanol •836 days	2.161	+0.000	+0.00%
Silver •836 days	30.82	+1.16	+3.92%

Silver • 836 days	30.82	+1.16	+3.92%
Copper • 836 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	109.86	+3.94	+3.72%
Natural Gas • 1 day	3.116	-0.120	-3.71%
Heating Oil • 1 day	4.899	+0.054	+1.10%

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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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