Commodity Prices

Gold •15 mins	2,413.80	+15.80	+0.66%
Platinum •15 mins	943.80	-10.70	-1.12%
WTI Crude •17 hours	83.14	+0.41	+0.50%
Gasoline •17 hours	2.710	-0.003	-0.13%
Ethanol •16 hours	2.161	+0.000	+0.00%
Silver •15 mins	28.84	+0.46	+1.63%

Silver • 15 mins	28.84	+0.46	+1.63%
Copper • 15 mins	4.498	+0.061	+1.37%
Brent Crude • 16 hours	87.29	+0.18	+0.21%
Natural Gas • 17 hours	1.752	-0.005	-0.28%
Heating Oil • 17 hours	2.541	+0.007	+0.29%

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USD/JPY - Range-Bound Pattern

By - Apr 19, 2016, 5:59 AM CDT

USD/JPY is trading between hourly support at 107.68 (07/04/2016 low) and hourly resistance at 109.90 (07/04/2016 high). The medium-term momentum is clearly bearish. Selling pressures are still on. Expected to show further weakening.

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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