Commodity Prices

Gold •324 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,088.40	+7.70	+0.71%
WTI Crude •10 hours	61.53	+0.33	+0.54%
Gasoline •10 hours	2.109	-0.022	-1.03%
Ethanol •324 days	2.161	+0.000	+0.00%
Silver •324 days	30.82	+1.16	+3.92%

Silver • 324 days	30.82	+1.16	+3.92%
Copper • 324 days	4.530	+0.111	+2.51%
Brent Crude • 9 hours	64.78	+0.34	+0.53%
Natural Gas • 10 hours	3.334	+0.081	+2.49%
Heating Oil • 10 hours	2.105	-0.013	-0.60%

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USD/JPY - Sharp Decline

By - Jan 04, 2016, 6:18 AM CST

USD/JPY selling pressure continues. Short-term technical structure suggests a stronger downside momentum. Hourly support at 120.07 (28/10/2015 low) has been broken. Hourly resistance lies at 123.76 (18/11/2015 high). Expected to further decline towards hourly support at 118.07 (15/10/2015 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 116.18 (24/08/2015 low).

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