Commodity Prices

Gold •295 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	978.30	-2.00	-0.20%
WTI Crude •10 mins	62.86	+0.07	+0.11%
Gasoline •10 mins	2.112	+0.006	+0.30%
Ethanol •295 days	2.161	+0.000	+0.00%
Silver •295 days	30.82	+1.16	+3.92%

Silver • 295 days	30.82	+1.16	+3.92%
Copper • 295 days	4.530	+0.111	+2.51%
Brent Crude • 1 hour	66.55	+0.43	+0.65%
Natural Gas • 12 mins	2.926	-0.004	-0.14%
Heating Oil • 19 mins	2.151	+0.007	+0.35%

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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