Commodity Prices

Gold •144 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	958.70	-16.40	-1.68%
WTI Crude •10 mins	70.69	-0.55	-0.77%
Gasoline •59 mins	2.047	-0.014	-0.69%
Ethanol •144 days	2.161	+0.000	+0.00%
Silver •144 days	30.82	+1.16	+3.92%

Silver • 144 days	30.82	+1.16	+3.92%
Copper • 144 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.62	-0.55	-0.73%
Natural Gas • 10 mins	3.323	+0.194	+6.20%
Heating Oil • 11 mins	2.271	-0.004	-0.19%

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USD/JPY - Ready For Another Leg Lower

By - Sep 09, 2016, 6:51 AM CDT

USD/JPY is edging lower despite ongoing short-term bullish retracement. Strong resistance can be found at 104.32 (02/09/2016 high). Hourly support is given at 101.21 (07/09/2016 low). A key support lies at 99.02 (24/06/2016 low). We favour a further bearish bias.

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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