Commodity Prices

Gold •479 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,601.60	+4.90	+0.31%
WTI Crude •1 day	61.50	-0.29	-0.47%
Gasoline •1 day	1.923	-0.004	-0.22%
Ethanol •479 days	2.161	+0.000	+0.00%
Silver •479 days	30.82	+1.16	+3.92%

Silver • 479 days	30.82	+1.16	+3.92%
Copper • 479 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	65.94	-0.05	-0.08%
Natural Gas • 1 day	3.304	-0.040	-1.20%
Heating Oil • 1 day	2.403	+0.000	+0.00%

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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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