Commodity Prices

Gold •703 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,797.90	-102.00	-5.37%
WTI Crude •24 hours	90.54	-2.50	-2.69%
Gasoline •24 hours	3.046	+0.008	+0.25%
Ethanol •703 days	2.161	+0.000	+0.00%
Silver •703 days	30.82	+1.16	+3.92%

Silver • 703 days	30.82	+1.16	+3.92%
Copper • 703 days	4.530	+0.111	+2.51%
Brent Crude • 23 hours	93.09	-1.94	-2.04%
Natural Gas • 24 hours	3.229	-0.107	-3.21%
Heating Oil • 24 hours	3.587	-0.086	-2.35%

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USD/JPY - New Low Yndicates an Increasing Selling Pressure

By - May 14, 2015, 5:33 AM CDT

USD/JPY remains weak as long as prices remain below the key resistance at 120.10/20 (declining trendline). Further weakness is favoured.Hourly support stands at 118.53. Resistance is given by the recent high at 120.50 then 120.84 (13/04/2015 high).

A long-term bullish bias is favored 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 favored. 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).

Daily Technical Report