Commodity Prices

Gold •10 mins	1,996.60	+47.00	+2.41%
Platinum •10 mins	993.30	+6.30	+0.64%
WTI Crude •11 mins	70.67	-0.23	-0.32%
Gasoline •11 mins	2.624	+0.031	+1.19%
Ethanol •19 hours	2.161	+0.000	+0.00%
Silver •10 mins	23.29	+0.50	+2.21%

Silver • 10 mins	23.29	+0.50	+2.21%
Copper • 10 mins	4.124	+0.079	+1.95%
Brent Crude • 11 mins	76.58	-0.11	-0.14%
Natural Gas • 11 mins	2.197	+0.026	+1.20%
Heating Oil • 11 mins	2.727	-0.013	-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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