Commodity Prices

Gold •716 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,668.20	-39.10	-2.29%
WTI Crude •19 hours	76.54	+0.69	+0.91%
Gasoline •19 hours	3.004	+0.009	+0.31%
Ethanol •716 days	2.161	+0.000	+0.00%
Silver •716 days	30.82	+1.16	+3.92%

Silver • 716 days	30.82	+1.16	+3.92%
Copper • 716 days	4.530	+0.111	+2.51%
Brent Crude • 19 hours	80.57	+0.72	+0.90%
Natural Gas • 19 hours	3.198	-0.035	-1.08%
Heating Oil • 19 hours	3.195	+0.067	+2.15%

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EUR/JPY - Remains in its Short-Term Declining Channel

By - Mar 04, 2015, 2:10 PM CST

EUR/JPY continues to move within its shortterm declining channel, indicating persistent selling pressures. The break of the hourly support at 133.55 opens the way for further short-term weakness. Other supports can be found at 132.00 and 130.15. Hourly resistances lie at 134.60 (02/03/2015 high) and 135.37 (26/02/2015 high).

In the longer term, the break of the strong support at 134.11 (20/11/2013 low) invalidates the long-term succession of higher lows. The resistance at 149.78 (08/12/2014 high) has likely marked the end of the rise that started in July 2012. More sideways moves are now expected. A key support stands at 124.97 (13/06/2013 low), whereas key resistances can be found at 137.64 (20/01/2015 high) and 141.72 (08/01/2015 high).

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