Commodity Prices

Gold •15 mins	1,571.90	+6.50	+0.42%
Platinum •15 mins	1,010.60	+3.30	+0.33%
WTI Crude •1 day	54.19	-1.40	-2.52%
Gasoline •1 day	1.526	-0.047	-2.99%
Ethanol •1 day	1.335	-0.019	-1.40%
Silver •15 mins	18.11	+0.28	+1.59%

Silver • 15 mins	18.11	+0.28	+1.59%
Copper • 15 mins	2.684	-0.042	-1.54%
Brent Crude • 1 day	59.89	-1.39	-2.27%
Natural Gas • 1 day	1.870	-0.034	-1.79%
Heating Oil • 1 day	1.737	-0.057	-3.17%

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USD/JPY - Pushing Sharply Higher

By - Jul 13, 2015, 5:02 AM CDT

USD/JPY is increasing but remains in a declining trend. Hourly support is now given at 120.41 (08/07/2015 low). Hourly resistance can be found at 124.45 (17/06/2015 high). Stronger resistance still lies at 135.15 (14-year high). The technical structure still suggests a downside momentum as the pair is setting lower highs.

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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