Commodity Prices

Gold •361 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,360.00	+8.10	+0.60%
WTI Crude •10 mins	64.79	-0.73	-1.11%
Gasoline •2 days	2.069	-0.008	-0.40%
Ethanol •361 days	2.161	+0.000	+0.00%
Silver •361 days	30.82	+1.16	+3.92%

Silver • 361 days	30.82	+1.16	+3.92%
Copper • 361 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	67.20	-0.57	-0.84%
Natural Gas • 12 mins	3.656	-0.083	-2.22%
Heating Oil • 2 days	2.241	-0.049	-2.14%

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USD/JPY - Challenging its Recent Highs

By - Nov 07, 2014, 5:12 AM CST

USD/JPY's rise is deeply overbought. However, no sign of sustainable selling pressures has occurred thus far. Monitor the test of the hourly resistance at 115.52 (06/11/2014 high). Hourly supports can be found at 114.06 and 113.17 (04/11/2014 low).

A long-term bullish bias is favoured as long as the key support 105.23 (15/10/2014 high) holds. The break of the major resistance at 110.66 (15/08/2008 high) opens the way for a further rise towards 120.00 (psychological threshold, see also 61.8% retracement of the 1998-2011 decline).

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