Commodity Prices

Gold •483 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,605.00	+4.20	+0.26%
WTI Crude •11 mins	60.48	+0.00	+0.00%
Gasoline •13 mins	1.981	+0.008	+0.39%
Ethanol •483 days	2.161	+0.000	+0.00%
Silver •483 days	30.82	+1.16	+3.92%

Silver • 483 days	30.82	+1.16	+3.92%
Copper • 483 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.88	-0.04	-0.06%
Natural Gas • 11 mins	3.897	+0.082	+2.15%
Heating Oil • 13 mins	2.444	+0.019	+0.80%

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USD/JPY - Challenging The Support at 118.72

By - Apr 17, 2015, 5:34 AM CDT

USD/JPY has weakened and is now challenging the support at 118.72. Hourly resistances can be found at 199.75 and 120.12 (intraday high). A key support stands at 118.18.

A long-term bullish bias is favoured as long as the strong support at 115.57 (16/12/2014 low) holds. A gradual rise towards the major resistance at 124.14 (22/06/2007 high) is favoured. A key support can be found at 118.18 (16/02/2015 low), whereas a key resistance stands at 121.85 (see also the long-term declining channel).

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