Commodity Prices

Gold •15 mins	1,494.10	-4.20	-0.28%
Platinum •15 mins	895.90	+2.90	+0.32%
WTI Crude •2 days	53.87	-0.16	-0.30%
Gasoline •2 days	1.578	-0.004	-0.26%
Ethanol •2 days	1.437	-0.008	-0.55%
Silver •15 mins	17.58	-0.03	-0.19%

Silver • 15 mins	17.58	-0.03	-0.19%
Copper • 15 mins	2.636	+0.039	+1.48%
Brent Crude • 2 days	59.42	-0.49	-0.82%
Natural Gas • 2 days	2.517	+0.001	+0.04%
Heating Oil • 2 days	1.930	-0.004	-0.18%

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USD/JPY - Targeting Long-Term Support

By - May 03, 2016, 5:19 AM CDT

USD/JPY keeps on declining. Hourly support at 106.15 (02/05/2016 low) has been broken. Hourly resistance can be found at 107.42 (29/04/2016 high), stronger resistance can be found at 111.88 (28/04/2016 high). Expected to show continued weakness.

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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