Commodity Prices

Gold •337 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,171.80	+35.30	+3.11%
WTI Crude •10 mins	63.01	-0.36	-0.57%
Gasoline •10 mins	2.054	-0.009	-0.42%
Ethanol •337 days	2.161	+0.000	+0.00%
Silver •337 days	30.82	+1.16	+3.92%

Silver • 337 days	30.82	+1.16	+3.92%
Copper • 337 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	65.03	-0.31	-0.47%
Natural Gas • 10 mins	3.746	+0.069	+1.88%
Heating Oil • 11 mins	2.083	-0.012	-0.57%

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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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