Commodity Prices

Gold •648 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,065.20	-46.90	-2.22%
WTI Crude •1 day	96.57	-1.30	-1.33%
Gasoline •2 days	3.016	+0.015	+0.51%
Ethanol •648 days	2.161	+0.000	+0.00%
Silver •648 days	30.82	+1.16	+3.92%

Silver • 648 days	30.82	+1.16	+3.92%
Copper • 648 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	95.20	-0.72	-0.75%
Natural Gas • 1 day	2.648	-0.022	-0.82%
Heating Oil • 2 days	3.745	-0.192	-4.87%

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USD/JPY - Digesting its Recent Rise

By - Aug 05, 2014, 6:02 AM CDT

USD/JPY is consolidating after the successful test of the key resistance at 103.02. Monitor the support at 102.36 (18/06/2014 high, see also the 38.2% retracement). Another support can be found at 102.04 (30/07/2014 low).

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. Another resistance can be found at 104.13 (04/04/2014 high), while a major resistance stands at 110.66 (15/08/2008 high).

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