Commodity Prices

Gold •317 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	990.20	-5.20	-0.52%
WTI Crude •16 hours	62.49	+0.87	+1.41%
Gasoline •16 hours	2.142	+0.007	+0.35%
Ethanol •317 days	2.161	+0.000	+0.00%
Silver •317 days	30.82	+1.16	+3.92%

Silver • 317 days	30.82	+1.16	+3.92%
Copper • 317 days	4.530	+0.111	+2.51%
Brent Crude • 15 hours	65.41	+0.88	+1.36%
Natural Gas • 16 hours	3.334	-0.028	-0.83%
Heating Oil • 16 hours	2.141	-0.025	-1.17%

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USD/JPY - Lack of Follow-Through

By - Jul 22, 2015, 5:56 AM CDT

USD/JPY has broken resistance at 124.45 (17/06/2015 high) but has also failed to hold above it. Stronger resistance still lies at 135.15 (14-year high). Hourly support is given by the 38.2% Fibonacci retracement at 122.04. Stronger support is given at 120.41 (08/07/2015 low).

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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