Commodity Prices

Gold •643 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	2,088.40	+140.50	+7.21%
WTI Crude •10 mins	92.12	-20.83	-18.44%
Gasoline •11 mins	2.905	-0.400	-12.10%
Ethanol •643 days	2.161	+0.000	+0.00%
Silver •643 days	30.82	+1.16	+3.92%

Silver • 643 days	30.82	+1.16	+3.92%
Copper • 643 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	90.78	-18.49	-16.92%
Natural Gas • 11 mins	2.748	-0.122	-4.25%
Heating Oil • 11 mins	3.701	-0.776	-17.33%

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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).

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