Commodity Prices

Gold •819 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,742.50	+23.60	+1.37%
WTI Crude •11 mins	88.85	-1.57	-1.74%
Gasoline •13 mins	3.240	-0.020	-0.63%
Ethanol •819 days	2.161	+0.000	+0.00%
Silver •819 days	30.82	+1.16	+3.92%

Silver • 819 days	30.82	+1.16	+3.92%
Copper • 819 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	96.64	-1.39	-1.42%
Natural Gas • 11 mins	2.976	-0.050	-1.65%
Heating Oil • 11 mins	4.613	-0.076	-1.61%

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USD/JPY - Consolidating After Bearish Break

By - Aug 02, 2016, 6:36 AM CDT

USD/JPY is moving sideways after break of 103.39 support. The short-term technical structure is negative as long as prices remain below the hourly resistance at 103.91 (13/07/2016 low). Hourly supports can be found at 102.04 (intra low).

We favour a long-term bearish bias. Support is now given at 96.57 (10/08/2013 low). A gradual rise towards the major resistance at 135.15 (01/02/2002 high) seems absolutely unlikely. Expected to decline further support at 93.79 (13/06/2013 low).

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