Commodity Prices

Gold •638 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,983.20	-6.50	-0.33%
WTI Crude •6 hours	111.54	+11.42	+11.41%
Gasoline •6 hours	3.288	+0.197	+6.36%
Ethanol •638 days	2.161	+0.000	+0.00%
Silver •638 days	30.82	+1.16	+3.92%

Silver • 638 days	30.82	+1.16	+3.92%
Copper • 638 days	4.530	+0.111	+2.51%
Brent Crude • 5 hours	109.03	+7.87	+7.78%
Natural Gas • 6 hours	2.800	-0.019	-0.67%
Heating Oil • 6 hours	4.361	+0.304	+7.50%

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EUR/JPY - Monitoring Upward Channel

By - Nov 04, 2016, 7:15 AM CDT

EUR/JPY is definitely in a bullish channel. However, the pair is monitoring the lower bound of this channel which should trigger further downside moves. Key resistance is located at 116.37 (02/09/2016) and support at 112.09 (21/09/2016 low).

In the longer term, the technical structure validates a medium-term succession of lower highs and lower lows. As a result, the resistance at 149.78 (08/12/2014 high) has likely marked the end of the rise that started in July 2012. The road is now wide open towards strong support at 94.12 (24/07/2012 low).

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