Commodity Prices

Gold •426 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,413.60	+1.40	+0.10%
WTI Crude •11 mins	64.58	-1.01	-1.54%
Gasoline •11 mins	2.016	-0.027	-1.31%
Ethanol •426 days	2.161	+0.000	+0.00%
Silver •426 days	30.82	+1.16	+3.92%

Silver • 426 days	30.82	+1.16	+3.92%
Copper • 426 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	68.18	-0.96	-1.39%
Natural Gas • 11 mins	2.993	-0.016	-0.53%
Heating Oil • 11 mins	2.372	-0.003	-0.12%

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USD/JPY - Tumbling

By - Aug 03, 2016, 6:08 AM CDT

USD/JPY is heading towards psychological support at 100. The short-term technical structure is clearly negative as long as prices remain below the hourly resistance at 103.91 (13/07/2016 low). Expected to further weaken.

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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