Commodity Prices

Gold •334 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,062.40	-0.80	-0.08%
WTI Crude •10 mins	62.93	+0.41	+0.66%
Gasoline •16 mins	2.064	+0.011	+0.54%
Ethanol •334 days	2.161	+0.000	+0.00%
Silver •334 days	30.82	+1.16	+3.92%

Silver • 334 days	30.82	+1.16	+3.92%
Copper • 334 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	65.00	+0.37	+0.57%
Natural Gas • 10 mins	3.740	+0.046	+1.25%
Heating Oil • 10 mins	2.057	+0.012	+0.61%

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EUR/JPY - Rally Continues

By - Nov 22, 2016, 7:05 AM CST

EUR/JPY is trading above former resistance at 116.37 (02/09/2016), triggering a bullish extension. Hourly support lies at 114.02 (03/11/2016 low). Expected to go further higher but larger downside moves may happen (profit taking). The short-term momentum is anyway largely bullish.

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).

Daily Technical Report