Commodity Prices

Gold •395 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,316.90	+17.80	+1.37%
WTI Crude •1 day	67.33	-1.93	-2.79%
Gasoline •1 day	2.119	-0.055	-2.54%
Ethanol •395 days	2.161	+0.000	+0.00%
Silver •395 days	30.82	+1.16	+3.92%

Silver • 395 days	30.82	+1.16	+3.92%
Copper • 395 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	69.67	-2.03	-2.83%
Natural Gas • 1 day	3.083	-0.023	-0.74%
Heating Oil • 1 day	2.300	-0.096	-4.01%

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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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