Commodity Prices

Gold •553 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,194.50	-74.10	-3.27%
WTI Crude •11 mins	56.22	+0.23	+0.41%
Gasoline •12 mins	1.700	+0.006	+0.35%
Ethanol •553 days	2.161	+0.000	+0.00%
Silver •553 days	30.82	+1.16	+3.92%

Silver • 553 days	30.82	+1.16	+3.92%
Copper • 553 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	60.22	+0.26	+0.43%
Natural Gas • 11 mins	3.607	+0.082	+2.33%
Heating Oil • 12 mins	2.069	+0.013	+0.62%

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EUR/JPY - Bearish Breakout

By - Feb 23, 2016, 5:46 AM CST

EUR/JPY has broken support implied by the lower bound of the downtrend channel on pushing lower. Hourly resistance can be found at 124.20 (intraday high). The road is wide open for further decline.

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 support at 124.97 (13/06/2013 low) has been broken. Stronger support is given at 118.73 (25/02/2013 low). A key resistance can be found at 141.06 (04/06/2015 high).

Daily Technical Report