Commodity Prices

Gold •318 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	990.20	-5.20	-0.52%
WTI Crude •21 hours	62.49	+0.87	+1.41%
Gasoline •21 hours	2.142	+0.007	+0.35%
Ethanol •318 days	2.161	+0.000	+0.00%
Silver •318 days	30.82	+1.16	+3.92%

Silver • 318 days	30.82	+1.16	+3.92%
Copper • 318 days	4.530	+0.111	+2.51%
Brent Crude • 20 hours	65.41	+0.88	+1.36%
Natural Gas • 21 hours	3.334	-0.028	-0.83%
Heating Oil • 21 hours	2.141	-0.025	-1.17%

Headlines

702 days Will The ECB Continue To Hike Rates?
702 days Forbes: Aramco Remains Largest Company In The Middle East
704 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,104 days Could Crypto Overtake Traditional Investment?
1,109 days Americans Still Quitting Jobs At Record Pace
1,111 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,114 days Is The Dollar Too Strong?
1,114 days Big Tech Disappoints Investors on Earnings Calls
1,115 days Fear And Celebration On Twitter as Musk Takes The Reins
1,117 days China Is Quietly Trying To Distance Itself From Russia
1,117 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,121 days Crypto Investors Won Big In 2021
1,121 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,122 days Food Prices Are Skyrocketing As Putin’s War Persists
1,124 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,125 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,128 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,129 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,129 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,131 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

This aging bull market may…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

USD/JPY - Is Sky The Limit?

By - Nov 16, 2016, 6:37 AM CST

USD/JPY's buying pressures are still important. Hourly resistance now lies at 109.44 (intraday high) while hourly support lies at 107.77 (15/11/2016 low). Key support can be found at 100.09 (27/09/2016). Expected to see further upside moves.

We favor a long-term bearish bias. Support is now given at 96.57 (10/08/2013 low). A gradual rise towards the major resistance at 135.15 (01/02/2002 high) seems absolutely unlikely. Expected to decline further support at 93.79 (13/06/2013 low).

Daily Technical Report