Commodity Prices

Gold •10 mins	1,978.80	+29.20	+1.50%
Platinum •10 mins	996.80	+9.80	+0.99%
WTI Crude •10 mins	70.09	-0.81	-1.14%
Gasoline •1 hour	2.580	-0.014	-0.52%
Ethanol •7 hours	2.161	+0.000	+0.00%
Silver •10 mins	23.08	+0.29	+1.27%

Silver • 10 mins	23.08	+0.29	+1.27%
Copper • 10 mins	4.063	+0.018	+0.45%
Brent Crude • 11 mins	75.99	-0.70	-0.91%
Natural Gas • 10 mins	2.207	+0.036	+1.66%
Heating Oil • 23 mins	2.719	-0.021	-0.77%

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USD/JPY - Old Resistance Becomes New Support

By - Nov 21, 2016, 6:55 AM CST

USD/JPY's buying pressures are important. The pair is making new highs day after day. Hourly support is given around 109.80 (16/11/2016 low). Stronger hourly support lies at 108.56 (17/11/2016 low). 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).

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