Commodity Prices

Gold •316 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	992.90	-2.50	-0.25%
WTI Crude •13 mins	61.71	+0.09	+0.15%
Gasoline •16 mins	2.133	-0.001	-0.05%
Ethanol •316 days	2.161	+0.000	+0.00%
Silver •316 days	30.82	+1.16	+3.92%

Silver • 316 days	30.82	+1.16	+3.92%
Copper • 316 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	64.60	+0.07	+0.11%
Natural Gas • 11 mins	3.354	-0.008	-0.24%
Heating Oil • 11 mins	2.170	+0.004	+0.20%

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USD/JPY: Persistent Selling Pressure

By - May 15, 2014, 5:48 AM CDT

USD/JPY has broken the hourly support at 101.85, indicating persistent selling pressures. A support stands at 101.43. Resistances can be found at 102.36 and 103.02.

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 101.16) 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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