Commodity Prices

Gold •632 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,887.10	+29.80	+1.60%
WTI Crude •1 hour	99.64	+5.16	+5.46%
Gasoline •1 hour	3.250	+0.120	+3.83%
Ethanol •632 days	2.161	+0.000	+0.00%
Silver •632 days	30.82	+1.16	+3.92%

Silver • 632 days	30.82	+1.16	+3.92%
Copper • 632 days	4.530	+0.111	+2.51%
Brent Crude • 24 mins	114.27	+6.26	+5.80%
Natural Gas • 4 hours	3.081	+0.082	+2.73%
Heating Oil • 1 hour	4.496	+0.222	+5.20%

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EUR/JPY - Ready For A Long-Term Bearish Breakout

By - Jun 09, 2016, 6:16 AM CDT

EUR/JPY is trading sideways in the mediumterm. Hourly support is located at 120.83 (03/06/2016 low). Hourly resistance can be found at 124.19 (31/05/2016 high). Expected to show continued weakness.

In the longer term, the technical structure validates a medium-term succession of lower highs and lower lows. As a result, the resistance at 149.78 (08/12/2014 high) has likely marked the end of the rise that started in July 2012. Strong support is given at 118.73 (25/02/2013 low). A key resistance can be found at 141.06 (04/06/2015 high).

Daily Technical Report