Commodity Prices

Gold •294 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	981.90	+2.30	+0.23%
WTI Crude •10 mins	63.17	+0.90	+1.45%
Gasoline •12 mins	2.103	+0.019	+0.93%
Ethanol •294 days	2.161	+0.000	+0.00%
Silver •294 days	30.82	+1.16	+3.92%

Silver • 294 days	30.82	+1.16	+3.92%
Copper • 294 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.89	+0.77	+1.16%
Natural Gas • 10 mins	2.979	-0.043	-1.42%
Heating Oil • 10 mins	2.143	+0.017	+0.78%

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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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