Commodity Prices

Gold •709 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,712.20	+46.50	+2.79%
WTI Crude •17 hours	84.88	-2.83	-3.23%
Gasoline •17 hours	3.050	-0.052	-1.66%
Ethanol •709 days	2.161	+0.000	+0.00%
Silver •709 days	30.82	+1.16	+3.92%

Silver • 709 days	30.82	+1.16	+3.92%
Copper • 709 days	4.530	+0.111	+2.51%
Brent Crude • 16 hours	87.33	-3.05	-3.37%
Natural Gas • 17 hours	3.120	+0.033	+1.07%
Heating Oil • 17 hours	3.404	-0.109	-3.09%

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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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