Commodity Prices

Gold •688 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,936.00	-28.80	-1.47%
WTI Crude •10 mins	95.94	-0.41	-0.43%
Gasoline •11 mins	3.422	+0.043	+1.26%
Ethanol •688 days	2.161	+0.000	+0.00%
Silver •688 days	30.82	+1.16	+3.92%

Silver • 688 days	30.82	+1.16	+3.92%
Copper • 688 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	102.56	-0.02	-0.02%
Natural Gas • 11 mins	2.905	-0.113	-3.74%
Heating Oil • 11 mins	3.877	+0.045	+1.18%

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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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