Commodity Prices

Gold •481 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,584.90	+1.40	+0.09%
WTI Crude •11 mins	60.46	-0.85	-1.39%
Gasoline •11 mins	1.912	-0.009	-0.45%
Ethanol •481 days	2.161	+0.000	+0.00%
Silver •481 days	30.82	+1.16	+3.92%

Silver • 481 days	30.82	+1.16	+3.92%
Copper • 481 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.67	-0.95	-1.45%
Natural Gas • 11 mins	3.334	-0.108	-3.14%
Heating Oil • 11 mins	2.410	-0.027	-1.09%

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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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