Commodity Prices

Gold •377 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,416.60	-1.40	-0.10%
WTI Crude •10 mins	66.72	-0.26	-0.39%
Gasoline •10 mins	2.172	+0.007	+0.31%
Ethanol •377 days	2.161	+0.000	+0.00%
Silver •377 days	30.82	+1.16	+3.92%

Silver • 377 days	30.82	+1.16	+3.92%
Copper • 377 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.85	-0.36	-0.52%
Natural Gas • 10 mins	3.518	+0.052	+1.50%
Heating Oil • 12 mins	2.407	+0.017	+0.73%

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EUR/JPY - Further Consolidation with Triangle

By - May 13, 2015, 5:18 AM CDT

EUR/JPY has shifting into a consolidation pattern after the break of the resistance at 135.20. Support is located at 133.07 (uptrend floor). The short-term technical structure favors a bullish bias as long as the support at 131.30 holds. Next resistance stands at 136.70 (11/02/2015).

In the longer term, the break of the support at 130.15 validates a medium-term succession of lower highs and lower lows. As a result, the resistance at 149.78 (08/12/2014 high) has likely marked the end of the rise that started in July 2012. Key supports stand at 124.97 (13/06/2013 low) and 118.73 (25/02/2013 low). A key resistance can be found at 136.70 (11/02/2015 high).

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