Commodity Prices

Gold •357 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,418.00	+75.00	+5.58%
WTI Crude •10 mins	64.70	-0.22	-0.34%
Gasoline •20 mins	2.080	-0.003	-0.14%
Ethanol •357 days	2.161	+0.000	+0.00%
Silver •357 days	30.82	+1.16	+3.92%

Silver • 357 days	30.82	+1.16	+3.92%
Copper • 357 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.39	-0.29	-0.43%
Natural Gas • 27 mins	3.375	-0.031	-0.91%
Heating Oil • 20 mins	2.296	+0.040	+1.77%

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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).

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