Commodity Prices

Gold •363 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,370.60	+11.90	+0.88%
WTI Crude •10 mins	65.40	-0.05	-0.08%
Gasoline •11 mins	2.093	-0.008	-0.36%
Ethanol •363 days	2.161	+0.000	+0.00%
Silver •363 days	30.82	+1.16	+3.92%

Silver • 363 days	30.82	+1.16	+3.92%
Copper • 363 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.11	+0.37	+0.55%
Natural Gas • 10 mins	3.415	-0.041	-1.19%
Heating Oil • 10 mins	2.328	+0.001	+0.05%

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USD/JPY - Volatility Lowers

By - May 27, 2016, 5:58 AM CDT

USD/JPY is still trading around 110. The pair is trading sideways between hourly support at 110.59 (20/05/2016 high) and hourly support at 108.72 (18/05/2016 low). Expected to show further weakening towards 108.72 as the medium term momentum is oriented downwards and the technical structure suggests a further strong bearish move as the medium-term momentum should prevail.

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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