Commodity Prices

Gold •624 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,010.10	+66.40	+3.42%
WTI Crude •11 mins	93.87	-1.68	-1.76%
Gasoline •13 mins	3.113	-0.014	-0.46%
Ethanol •624 days	2.161	+0.000	+0.00%
Silver •624 days	30.82	+1.16	+3.92%

Silver • 624 days	30.82	+1.16	+3.92%
Copper • 624 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	107.29	-1.36	-1.25%
Natural Gas • 11 mins	3.129	-0.037	-1.17%
Heating Oil • 16 mins	4.296	-0.047	-1.07%

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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