Commodity Prices

Gold •730 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,651.90	+23.80	+1.46%
WTI Crude •5 hours	68.78	+0.09	+0.13%
Gasoline •5 hours	2.953	+0.036	+1.23%
Ethanol •730 days	2.161	+0.000	+0.00%
Silver •730 days	30.82	+1.16	+3.92%

Silver • 730 days	30.82	+1.16	+3.92%
Copper • 730 days	4.530	+0.111	+2.51%
Brent Crude • 4 hours	72.12	+0.32	+0.45%
Natural Gas • 5 hours	3.245	+0.049	+1.53%
Heating Oil • 5 hours	3.257	+0.074	+2.34%

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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