Commodity Prices

Gold •310 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,001.60	+22.10	+2.26%
WTI Crude •11 hours	61.02	+1.11	+1.85%
Gasoline •11 hours	2.108	+0.023	+1.10%
Ethanol •310 days	2.161	+0.000	+0.00%
Silver •310 days	30.82	+1.16	+3.92%

Silver • 310 days	30.82	+1.16	+3.92%
Copper • 310 days	4.530	+0.111	+2.51%
Brent Crude • 10 hours	63.91	+1.07	+1.70%
Natural Gas • 11 hours	3.795	+0.203	+5.65%
Heating Oil • 11 hours	2.066	+0.026	+1.29%

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EUR/JPY - Sharp Decline

By - Apr 07, 2016, 5:29 AM CDT

EUR/JPY has moved largely lower. Hourly support at 124.68 (22/03/2016 low) has been broken and the pair is now approaching stronger support at 122.11 (01/03/2016 low) while hourly resistance can be found at 128.22 (31/03/2016 high). Expected to show further weakness

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