Commodity Prices

Gold •736 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,623.80	-6.30	-0.39%
WTI Crude •12 mins	71.74	-0.34	-0.47%
Gasoline •14 mins	3.019	-0.020	-0.66%
Ethanol •736 days	2.161	+0.000	+0.00%
Silver •736 days	30.82	+1.16	+3.92%

Silver • 736 days	30.82	+1.16	+3.92%
Copper • 736 days	4.530	+0.111	+2.51%
Brent Crude • 40 mins	76.30	-1.72	-2.20%
Natural Gas • 11 mins	3.010	-0.002	-0.07%
Heating Oil • 17 mins	3.549	-0.023	-0.63%

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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