Commodity Prices

Gold •439 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,413.20	-4.00	-0.28%
WTI Crude •11 mins	63.50	+0.20	+0.32%
Gasoline •11 mins	2.018	+0.004	+0.21%
Ethanol •439 days	2.161	+0.000	+0.00%
Silver •439 days	30.82	+1.16	+3.92%

Silver • 439 days	30.82	+1.16	+3.92%
Copper • 439 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	67.67	+0.23	+0.34%
Natural Gas • 14 mins	3.012	-0.031	-1.02%
Heating Oil • 11 mins	2.335	+0.004	+0.18%

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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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