Commodity Prices

Gold •463 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,660.60	+4.20	+0.25%
WTI Crude •11 mins	61.19	-0.32	-0.52%
Gasoline •11 mins	1.877	-0.005	-0.29%
Ethanol •463 days	2.161	+0.000	+0.00%
Silver •463 days	30.82	+1.16	+3.92%

Silver • 463 days	30.82	+1.16	+3.92%
Copper • 463 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.84	-0.38	-0.58%
Natural Gas • 11 mins	3.208	-0.061	-1.87%
Heating Oil • 12 mins	2.279	-0.002	-0.07%

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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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