Commodity Prices

Gold •262 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	978.40	-13.60	-1.37%
WTI Crude •1 day	68.28	+0.21	+0.31%
Gasoline •1 day	2.195	+0.004	+0.20%
Ethanol •262 days	2.161	+0.000	+0.00%
Silver •262 days	30.82	+1.16	+3.92%

Silver • 262 days	30.82	+1.16	+3.92%
Copper • 262 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	72.16	+0.16	+0.22%
Natural Gas • 1 day	3.980	+0.005	+0.13%
Heating Oil • 1 day	2.250	-0.005	-0.21%

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EUR/JPY - Bearish Breakout

By - Apr 05, 2016, 5:47 AM CDT

EUR/JPY has broken downtrend channel. Shortterm bullish momentum is fading. Hourly support is given at 124.68 (22/03/2016 low) while hourly resistance can be found at 128.22 (31/03/2016 high). Expected to show further consolidation.

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. Strong 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