Commodity Prices

Gold •687 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,960.00	-4.80	-0.24%
WTI Crude •11 mins	97.75	+1.40	+1.45%
Gasoline •18 mins	3.436	+0.056	+1.67%
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	104.45	+1.87	+1.82%
Natural Gas • 12 mins	2.997	-0.021	-0.70%
Heating Oil • 54 mins	3.881	+0.049	+1.29%

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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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