Commodity Prices

Gold •662 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,024.70	-5.70	-0.28%
WTI Crude •11 mins	95.35	+0.95	+1.01%
Gasoline •24 mins	3.489	+0.026	+0.76%
Ethanol •662 days	2.161	+0.000	+0.00%
Silver •662 days	30.82	+1.16	+3.92%

Silver • 662 days	30.82	+1.16	+3.92%
Copper • 662 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	106.54	+1.21	+1.15%
Natural Gas • 13 mins	2.523	-0.160	-5.96%
Heating Oil • 24 mins	3.995	+0.107	+2.76%

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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