Commodity Prices

Gold •687 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,954.70	-10.10	-0.51%
WTI Crude •11 mins	98.66	+2.31	+2.40%
Gasoline •11 mins	3.454	+0.075	+2.21%
Ethanol •687 days	2.161	+0.000	+0.00%
Silver •687 days	30.82	+1.16	+3.92%

Silver • 687 days	30.82	+1.16	+3.92%
Copper • 687 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	105.56	+2.98	+2.91%
Natural Gas • 11 mins	3.008	-0.010	-0.33%
Heating Oil • 11 mins	3.928	+0.096	+2.51%

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USD/JPY - Bullish Breakout

By - Apr 22, 2016, 5:43 AM CDT

USD/JPY has broken hourly resistance at 109.90 (07/04/2016 high). Hourly support can be found at 107.68 (07/04/2016 low). Yet, the medium-term momentum is clearly bearish. Selling pressures are clearly fading. Expected to show further increase.

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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