Commodity Prices

Gold •10 mins	2,413.80	+15.80	+0.66%
Platinum •10 mins	943.80	-10.70	-1.12%
WTI Crude •19 hours	83.14	+0.41	+0.50%
Gasoline •19 hours	2.710	-0.003	-0.13%
Ethanol •18 hours	2.161	+0.000	+0.00%
Silver •10 mins	28.84	+0.46	+1.63%

Silver • 10 mins	28.84	+0.46	+1.63%
Copper • 10 mins	4.498	+0.061	+1.37%
Brent Crude • 18 hours	87.29	+0.18	+0.21%
Natural Gas • 19 hours	1.752	-0.005	-0.28%
Heating Oil • 19 hours	2.541	+0.007	+0.29%

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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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