Commodity Prices

Gold •15 mins	2,312.00	-34.40	-1.47%
Platinum •15 mins	921.70	-9.60	-1.03%
WTI Crude •10 mins	81.91	+0.01	+0.01%
Gasoline •11 mins	2.676	-0.009	-0.34%
Ethanol •13 hours	2.161	+0.000	+0.00%
Silver •15 mins	26.83	-0.42	-1.52%

Silver • 15 mins	26.83	-0.42	-1.52%
Copper • 15 mins	4.407	-0.069	-1.54%
Brent Crude • 10 mins	87.06	+0.06	+0.07%
Natural Gas • 10 mins	1.802	+0.011	+0.61%
Heating Oil • 11 mins	2.553	-0.007	-0.27%

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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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