Commodity Prices

Gold •504 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,554.20	-2.60	-0.17%
WTI Crude •11 mins	59.27	+0.02	+0.03%
Gasoline •13 mins	1.931	-0.001	-0.05%
Ethanol •504 days	2.161	+0.000	+0.00%
Silver •504 days	30.82	+1.16	+3.92%

Silver • 504 days	30.82	+1.16	+3.92%
Copper • 504 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	63.54	+0.03	+0.05%
Natural Gas • 11 mins	4.523	-0.027	-0.59%
Heating Oil • 11 mins	2.653	+0.017	+0.64%

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USD/JPY - Trending Above Key Support at 118.18

By - Apr 28, 2015, 5:23 AM CDT

USD/JPY continues to consolidate near its key support at 118.18. A break of the resistance at 120.12 (intraday high, see also the declining trendline) is needed to suggest exhaustion in the selling pressures. An hourly support stands at 118.53. Another resistance can be found at 120.84 (13/04/2015 high).

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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