Commodity Prices

Gold •14 mins	1,994.60	+12.50	+0.63%
Platinum •14 mins	1,008.70	+9.70	+0.97%
WTI Crude •10 mins	70.07	+1.98	+2.91%
Gasoline •10 mins	2.440	-0.004	-0.18%
Ethanol •19 mins	2.161	+0.000	+0.00%
Silver •14 mins	23.98	+0.39	+1.64%

Silver • 14 mins	23.98	+0.39	+1.64%
Copper • 14 mins	3.712	+0.075	+2.05%
Brent Crude • 10 mins	74.27	+1.67	+2.30%
Natural Gas • 10 mins	2.160	-0.106	-4.68%
Heating Oil • 10 mins	2.313	+0.062	+2.75%

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EUR/JPY- Successful Test of the Support at 122.45

By - Mar 02, 2016, 5:58 AM CST

EUR/JPY has bounced near the significant support region around 122.47 (24/03/2016 low), breaking downtrend channel at 124.13. Hourly resistance can be found at 125.01 (01/03/2016 high).

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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