Commodity Prices

Gold •170 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	936.40	+12.90	+1.40%
WTI Crude •19 hours	69.46	+0.08	+0.12%
Gasoline •19 hours	1.942	+0.019	+0.98%
Ethanol •171 days	2.161	+0.000	+0.00%
Silver •170 days	30.82	+1.16	+3.92%

Silver • 170 days	30.82	+1.16	+3.92%
Copper • 170 days	4.530	+0.111	+2.51%
Brent Crude • 18 hours	72.94	+0.06	+0.08%
Natural Gas • 19 hours	3.748	+0.164	+4.58%
Heating Oil • 19 hours	2.232	-0.006	-0.27%

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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