Commodity Prices

Gold •762 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,785.30	+29.30	+1.67%
WTI Crude •11 mins	76.03	+0.26	+0.34%
Gasoline •11 mins	2.862	+0.010	+0.36%
Ethanol •762 days	2.161	+0.000	+0.00%
Silver •762 days	30.82	+1.16	+3.92%

Silver • 762 days	30.82	+1.16	+3.92%
Copper • 762 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	80.08	+0.72	+0.91%
Natural Gas • 11 mins	2.694	+0.012	+0.45%
Heating Oil • 11 mins	3.744	-0.026	-0.69%

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USD/JPY - Consolidating After Bearish Breakout

By - Mar 31, 2016, 5:51 AM CDT

USD/JPY's medium term momentum is clearly negative. On the short-term, the pair has broken short-term uptrend channel. Hourly resistance is given at 113.80 (29/03/2016 high) while stronger resistance is given at 114.91 (16/02/2016 high). Hourly support is given at 110.67 (17/03/2016 low). Expected to remain mixed.

We favour a long-term bearish bias. Support at 105.23 (15/10/2014 low) is on target. A gradual rise towards the major resistance at 135.15 (01/02/2002 high) seems now less likely. Another key support can be found at 105.23 (15/10/2014 low).

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