Commodity Prices

Gold •729 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,628.10	+28.20	+1.76%
WTI Crude •56 mins	68.69	+0.11	+0.16%
Gasoline •56 mins	2.917	-0.028	-0.95%
Ethanol •729 days	2.161	+0.000	+0.00%
Silver •729 days	30.82	+1.16	+3.92%

Silver • 729 days	30.82	+1.16	+3.92%
Copper • 729 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	71.61	+0.04	+0.06%
Natural Gas • 56 mins	3.196	-0.024	-0.75%
Heating Oil • 56 mins	3.182	-0.036	-1.11%

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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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