Commodity Prices

Gold •334 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,060.20	-3.00	-0.28%
WTI Crude •10 mins	62.92	+0.40	+0.64%
Gasoline •13 mins	2.065	+0.013	+0.62%
Ethanol •334 days	2.161	+0.000	+0.00%
Silver •334 days	30.82	+1.16	+3.92%

Silver • 334 days	30.82	+1.16	+3.92%
Copper • 334 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.96	+0.33	+0.51%
Natural Gas • 10 mins	3.728	+0.034	+0.92%
Heating Oil • 11 mins	2.057	+0.012	+0.59%

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USD/JPY - Pushing Higher

By - Feb 11, 2015, 1:37 PM CST

USD/JPY has broken the resistance implied by its declining channel, confirming an improving technical structure. A test of the resistance area between 120.83 and 121.85 is favoured. Hourly supports can be found at 119.22 (06/02/2015 high) and 118.33 (09/02/2015 low).

A long-term bullish bias is favoured as long as the key support 110.09 (01/10/2014 high) holds. Even if a medium-term consolidation is likely underway, there is no sign to suggest the end of the long-term bullish trend. A gradual rise towards the major resistance at 124.14 (22/06/2007 high) is likely. A key support can be found at 115.57 (16/12/2014 low).

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