Commodity Prices

Gold •14 mins	2,338.40	-3.70	-0.16%
Platinum •14 mins	915.80	-7.00	-0.76%
WTI Crude •1 hour	82.81	-0.55	-0.66%
Gasoline •1 hour	2.734	+0.009	+0.33%
Ethanol •26 mins	2.161	+0.000	+0.00%
Silver •14 mins	27.35	-0.02	-0.06%

Silver • 14 mins	27.35	-0.02	-0.06%
Copper • 14 mins	4.487	+0.027	+0.59%
Brent Crude • 10 mins	88.08	-0.34	-0.38%
Natural Gas • 1 hour	1.653	-0.159	-8.77%
Heating Oil • 1 hour	2.550	-0.029	-1.14%

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USD/JPY - Fading Near the Minor Resistance at 101.24

By - Sep 26, 2016, 6:41 AM CDT

USD/JPY has faded near the hourly resistance at 101.24. A break of this level is needed to suggest something more than a temporary rebound. Strong resistance can be found at 104.32 (02/09/2016 high) while hourly resistance is given at 102.79 (21/09/2016 high). Psychological support at 100 is not far away. A key support lies at 99.02 (24/06/2016 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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