Commodity Prices

Gold •529 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,762.50	+49.30	+2.88%
WTI Crude •1 day	57.44	-0.16	-0.28%
Gasoline •1 day	1.752	-0.008	-0.44%
Ethanol •529 days	2.161	+0.000	+0.00%
Silver •529 days	30.82	+1.16	+3.92%

Silver • 529 days	30.82	+1.16	+3.92%
Copper • 529 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	61.12	-0.16	-0.26%
Natural Gas • 1 day	4.113	-0.118	-2.79%
Heating Oil • 1 day	2.198	-0.031	-1.39%

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USD/JPY - Bouncing Back on The 125-Level

By - Jun 03, 2015, 6:06 AM CDT

USD/JPY has bounced back on the 125-level. We still target the resistance at 125.69 (12/06/2002 high) and we still consider the pair as strongly bullish as we stay largely above the 200-dma. Hourly support is given at 122.78 (27/05/2015 low). Key resistance lies at 135.15 (14-year 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 135.15 (01/02/2002 high) is favored. A key support can be found at 118.18 (16/02/2015 low).

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