Commodity Prices

Gold •716 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,668.20	-39.10	-2.29%
WTI Crude •11 hours	76.54	+0.69	+0.91%
Gasoline •11 hours	3.004	+0.009	+0.31%
Ethanol •716 days	2.161	+0.000	+0.00%
Silver •716 days	30.82	+1.16	+3.92%

Silver • 716 days	30.82	+1.16	+3.92%
Copper • 716 days	4.530	+0.111	+2.51%
Brent Crude • 10 hours	80.57	+0.72	+0.90%
Natural Gas • 11 hours	3.198	-0.035	-1.08%
Heating Oil • 11 hours	3.195	+0.067	+2.15%

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EUR/JPY - Monitoring The Downtrend Channel

By - Feb 08, 2016, 5:19 AM CST

EUR/JPY is monitoring the upper bound implied by the downtrend channel. Hourly resistance lies at 134.60 (04/12/2015 high). Stronger resistance is located at 137.45 (17/09/2015 high). Expected to bounce back.

In the longer term, the technical structure validates a medium-term succession of lower highs and lower lows. As a result, the resistance at 149.78 (08/12/2014 high) has likely marked the end of the rise that started in July 2012. Key supports stand at 124.97 (13/06/2013 low) and 118.73 (25/02/2013 low). A key resistance can be found at 141.06 (04/06/2015 high).

Daily Technical Report