Commodity Prices

Gold •485 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,575.40	-38.90	-2.41%
WTI Crude •11 hours	60.98	+0.41	+0.68%
Gasoline •11 hours	1.901	+0.008	+0.43%
Ethanol •485 days	2.161	+0.000	+0.00%
Silver •485 days	30.82	+1.16	+3.92%

Silver • 485 days	30.82	+1.16	+3.92%
Copper • 485 days	4.530	+0.111	+2.51%
Brent Crude • 10 hours	64.77	+0.40	+0.62%
Natural Gas • 11 hours	4.124	+0.168	+4.25%
Heating Oil • 11 hours	2.399	-0.011	-0.44%

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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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