Commodity Prices

Gold •732 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,651.90	+23.80	+1.46%
WTI Crude •2 days	68.78	+0.09	+0.13%
Gasoline •2 days	2.953	+0.036	+1.23%
Ethanol •732 days	2.161	+0.000	+0.00%
Silver •732 days	30.82	+1.16	+3.92%

Silver • 732 days	30.82	+1.16	+3.92%
Copper • 732 days	4.530	+0.111	+2.51%
Brent Crude • 2 days	72.12	+0.32	+0.45%
Natural Gas • 2 days	3.245	+0.049	+1.53%
Heating Oil • 2 days	3.257	+0.074	+2.34%

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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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