Commodity Prices

Gold •358 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,401.20	-13.80	-0.98%
WTI Crude •10 mins	65.62	+0.38	+0.58%
Gasoline •31 mins	2.105	+0.006	+0.30%
Ethanol •358 days	2.161	+0.000	+0.00%
Silver •358 days	30.82	+1.16	+3.92%

Silver • 358 days	30.82	+1.16	+3.92%
Copper • 358 days	4.530	+0.111	+2.51%
Brent Crude • 30 mins	68.08	+0.35	+0.52%
Natural Gas • 10 hours	3.261	-0.145	-4.26%
Heating Oil • 33 mins	2.374	+0.014	+0.59%

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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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