Commodity Prices

Gold •617 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,120.50	-45.00	-2.08%
WTI Crude •11 mins	94.97	-0.76	-0.79%
Gasoline •11 mins	2.921	-0.043	-1.46%
Ethanol •617 days	2.161	+0.000	+0.00%
Silver •617 days	30.82	+1.16	+3.92%

Silver • 617 days	30.82	+1.16	+3.92%
Copper • 617 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	100.01	-0.45	-0.45%
Natural Gas • 11 mins	3.265	+0.032	+0.99%
Heating Oil • 11 mins	3.872	-0.027	-0.68%

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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).

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