Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	966.60	-3.90	-0.40%
WTI Crude •10 mins	69.46	-0.64	-0.91%
Gasoline •11 mins	2.036	-0.024	-1.15%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	73.63	-0.60	-0.81%
Natural Gas • 10 mins	3.247	-0.092	-2.76%
Heating Oil • 12 mins	2.247	-0.028	-1.21%

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USD/JPY - Surging Higher

By - Jul 31, 2014, 5:18 AM CDT

USD/JPY surged higher yesterday, breaking the resistance area defined by 102.27 (03/07/2014 high) and 102.36. Prices are now challenging the key resistance at 103.02. An hourly support stands at 102.36 (previous resistance).

A long-term bullish bias is favoured as long as the key support 99.57 (19/11/2013 low) holds. However, a break to the upside out of the current consolidation phase between 100.76 (04/02/2014 low) and 103.02 is needed to resume the underlying bullish trend. A major resistance stands at 110.66 (15/08/2008 high).

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