Commodity Prices

Gold •274 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	949.80	-6.80	-0.71%
WTI Crude •11 mins	66.64	-0.31	-0.46%
Gasoline •13 mins	2.151	-0.013	-0.60%
Ethanol •274 days	2.161	+0.000	+0.00%
Silver •274 days	30.82	+1.16	+3.92%

Silver • 274 days	30.82	+1.16	+3.92%
Copper • 274 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	69.82	-0.32	-0.46%
Natural Gas • 10 mins	4.114	-0.024	-0.58%
Heating Oil • 11 mins	2.174	-0.015	-0.67%

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USD/JPY - Fading Short-Term Momentum?

By - Oct 27, 2014, 5:37 AM CDT

USD/JPY seems to fade near its recent high at 108.35. A break of the initial support at 107.79 (24/10/2014 low) would confirm a weakening bullish momentum. An hourly support lies at 107.10. Another resistance can be found at 108.74.

A long-term bullish bias is favoured as long as the key support 100.76 (04/02/2014 low) holds. Despite the recent decline near the major resistance at 110.66 (15/08/2008 high), a gradual move higher is eventually favoured. Another resistance can be found at 114.66 (27/12/2007 high). A key support lies at 105.44 (02/01/2014 high).

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