Commodity Prices

Gold •645 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	2,119.80	+52.30	+2.53%
WTI Crude •11 mins	98.95	+4.54	+4.81%
Gasoline •12 mins	3.019	+0.013	+0.44%
Ethanol •645 days	2.161	+0.000	+0.00%
Silver •645 days	30.82	+1.16	+3.92%

Silver • 645 days	30.82	+1.16	+3.92%
Copper • 645 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	96.91	+2.16	+2.28%
Natural Gas • 11 mins	2.675	-0.049	-1.80%
Heating Oil • 11 mins	3.944	+0.136	+3.57%

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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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