Commodity Prices

Gold •442 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,397.80	+21.20	+1.54%
WTI Crude •13 mins	63.68	-0.37	-0.58%
Gasoline •15 mins	2.017	-0.012	-0.59%
Ethanol •442 days	2.161	+0.000	+0.00%
Silver •442 days	30.82	+1.16	+3.92%

Silver • 442 days	30.82	+1.16	+3.92%
Copper • 442 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	67.56	-0.39	-0.57%
Natural Gas • 11 mins	2.933	-0.167	-5.39%
Heating Oil • 13 mins	2.344	-0.011	-0.47%

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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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