Commodity Prices

Gold •639 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,983.20	-6.50	-0.33%
WTI Crude •1 day	111.54	+11.42	+11.41%
Gasoline •1 day	3.288	+0.197	+6.36%
Ethanol •639 days	2.161	+0.000	+0.00%
Silver •639 days	30.82	+1.16	+3.92%

Silver • 639 days	30.82	+1.16	+3.92%
Copper • 639 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	109.03	+7.87	+7.78%
Natural Gas • 1 day	2.800	-0.019	-0.67%
Heating Oil • 1 day	4.361	+0.304	+7.50%

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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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