Commodity Prices

Gold •387 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,422.80	-17.70	-1.23%
WTI Crude •3 hours	65.16	-0.87	-1.32%
Gasoline •3 hours	2.097	-0.007	-0.34%
Ethanol •387 days	2.161	+0.000	+0.00%
Silver •387 days	30.82	+1.16	+3.92%

Silver • 387 days	30.82	+1.16	+3.92%
Copper • 387 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	68.44	-0.74	-1.07%
Natural Gas • 3 hours	3.110	+0.016	+0.52%
Heating Oil • 3 hours	2.406	-0.007	-0.28%

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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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