Commodity Prices

Gold •639 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,983.20	-6.50	-0.33%
WTI Crude •1 day	111.54	+11.42	+11.41%
Gasoline •1 day	3.288	+0.197	+6.36%
Ethanol •639 days	2.161	+0.000	+0.00%
Silver •639 days	30.82	+1.16	+3.92%

Silver • 639 days	30.82	+1.16	+3.92%
Copper • 639 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	109.03	+7.87	+7.78%
Natural Gas • 1 day	2.800	-0.019	-0.67%
Heating Oil • 1 day	4.361	+0.304	+7.50%

Headlines

1,024 days Will The ECB Continue To Hike Rates?
1,024 days Forbes: Aramco Remains Largest Company In The Middle East
1,026 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,426 days Could Crypto Overtake Traditional Investment?
1,430 days Americans Still Quitting Jobs At Record Pace
1,432 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,435 days Is The Dollar Too Strong?
1,436 days Big Tech Disappoints Investors on Earnings Calls
1,437 days Fear And Celebration On Twitter as Musk Takes The Reins
1,438 days China Is Quietly Trying To Distance Itself From Russia
1,439 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,443 days Crypto Investors Won Big In 2021
1,443 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,444 days Food Prices Are Skyrocketing As Putin’s War Persists
1,446 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,446 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,450 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,450 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,451 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,453 days Are NFTs About To Take Over Gaming?

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Trader Compares Current Market Environment To 2007

It’s a mistake to view…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

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