Commodity Prices

Gold •624 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,950.80	+7.10	+0.37%
WTI Crude •11 mins	96.07	+0.52	+0.54%
Gasoline •11 mins	3.196	+0.069	+2.20%
Ethanol •624 days	2.161	+0.000	+0.00%
Silver •624 days	30.82	+1.16	+3.92%

Silver • 624 days	30.82	+1.16	+3.92%
Copper • 624 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	110.57	+1.92	+1.77%
Natural Gas • 11 mins	3.156	-0.010	-0.32%
Heating Oil • 12 mins	4.473	+0.131	+3.02%

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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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