Commodity Prices

Gold •419 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,355.00	+5.60	+0.41%
WTI Crude •10 mins	63.36	+0.11	+0.17%
Gasoline •1 hour	2.122	-0.026	-1.21%
Ethanol •419 days	2.161	+0.000	+0.00%
Silver •419 days	30.82	+1.16	+3.92%

Silver • 419 days	30.82	+1.16	+3.92%
Copper • 419 days	4.530	+0.111	+2.51%
Brent Crude • 20 mins	67.22	-1.58	-2.30%
Natural Gas • 1 hour	2.717	+0.021	+0.78%
Heating Oil • 1 hour	2.281	-0.067	-2.85%

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USD/JPY - Short-Term Rebound Underway

By - Apr 08, 2016, 5:44 AM CDT

USD/JPY is likely in a short-term rebound following bearish break of key support. The pair has exited its short-term downtrend channel indicating further downside risk. Hourly support can be located at 107.68 (07/04/2016 low). Hourly resistance is given at 109.88 (07/04/2016 high) while strong resistance is given at 113.80 (29/03/2016 high). Expected to further weaken.

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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