Commodity Prices

Gold •421 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,359.40	-2.30	-0.17%
WTI Crude •10 mins	64.18	-0.42	-0.65%
Gasoline •5 hours	2.199	+0.050	+2.34%
Ethanol •421 days	2.161	+0.000	+0.00%
Silver •421 days	30.82	+1.16	+3.92%

Silver • 421 days	30.82	+1.16	+3.92%
Copper • 421 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.20	-0.42	-0.61%
Natural Gas • 11 mins	2.973	+0.029	+0.99%
Heating Oil • 6 hours	2.310	+0.015	+0.63%

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USD/JPY: A Decline Towards The Support at 100.76 is Likely

By - Jun 27, 2014, 5:49 AM CDT

USD/JPY has broken the support implied by the 200 day moving average (around 101.61), confirming persistent selling pressures. A further decline towards the strong support at 100.76 is likely. Hourly resistances now stand at 101.74 (intraday high) and 101.89 (26/06/2014 high).

A long-term bullish bias is favoured as long as the key support 99.57 (19/11/2013 low) holds. A break of the key resistance at 103.02 is needed to suggest the end of the current consolidation phase. A strong support stands at 100.76 (04/02/2014 low). A major resistance stands at 110.66 (15/08/2008 high).

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