Commodity Prices

Gold •352 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,264.50	-48.60	-3.70%
WTI Crude •7 hours	74.93	-0.21	-0.28%
Gasoline •4 hours	2.330	+0.021	+0.91%
Ethanol •352 days	2.161	+0.000	+0.00%
Silver •352 days	30.82	+1.16	+3.92%

Silver • 352 days	30.82	+1.16	+3.92%
Copper • 352 days	4.530	+0.111	+2.51%
Brent Crude • 3 hours	77.01	-1.84	-2.33%
Natural Gas • 4 hours	3.847	-0.142	-3.56%
Heating Oil • 4 hours	2.542	+0.008	+0.33%

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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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