Commodity Prices

Gold •716 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,668.20	-39.10	-2.29%
WTI Crude •18 hours	76.54	+0.69	+0.91%
Gasoline •18 hours	3.004	+0.009	+0.31%
Ethanol •716 days	2.161	+0.000	+0.00%
Silver •716 days	30.82	+1.16	+3.92%

Silver • 716 days	30.82	+1.16	+3.92%
Copper • 716 days	4.530	+0.111	+2.51%
Brent Crude • 17 hours	80.57	+0.72	+0.90%
Natural Gas • 18 hours	3.198	-0.035	-1.08%
Heating Oil • 18 hours	3.195	+0.067	+2.15%

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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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