Commodity Prices

Gold •743 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,595.70	-46.80	-2.85%
WTI Crude •11 mins	79.64	+0.69	+0.87%
Gasoline •11 mins	3.294	+0.009	+0.27%
Ethanol •743 days	2.161	+0.000	+0.00%
Silver •743 days	30.82	+1.16	+3.92%

Silver • 743 days	30.82	+1.16	+3.92%
Copper • 743 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	84.60	+0.37	+0.44%
Natural Gas • 11 mins	2.859	+0.001	+0.03%
Heating Oil • 12 mins	4.079	+0.049	+1.21%

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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