Commodity Prices

Gold •819 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,718.90	+17.90	+1.05%
WTI Crude •50 mins	90.42	+1.04	+1.16%
Gasoline •50 mins	3.261	+0.128	+4.09%
Ethanol •819 days	2.161	+0.000	+0.00%
Silver •819 days	30.82	+1.16	+3.92%

Silver • 819 days	30.82	+1.16	+3.92%
Copper • 819 days	4.530	+0.111	+2.51%
Brent Crude • 13 mins	97.93	+1.77	+1.84%
Natural Gas • 50 mins	3.026	+0.015	+0.50%
Heating Oil • 45 mins	4.957	+0.059	+1.20%

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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