Commodity Prices

Gold •15 mins	1,817.20	-18.60	-1.01%
Platinum •15 mins	1,048.40	-19.20	-1.80%
WTI Crude •1 day	73.95	+0.33	+0.45%
Gasoline •1 day	2.335	+0.010	+0.41%
Ethanol •1 day	2.220	+0.000	+0.00%
Silver •15 mins	25.55	-0.24	-0.91%

Silver • 15 mins	25.55	-0.24	-0.91%
Copper • 15 mins	4.483	-0.041	-0.91%
Brent Crude • 1 day	75.41	+0.31	+0.41%
Natural Gas • 1 day	3.914	-0.145	-3.57%
Heating Oil • 1 day	2.196	+0.004	+0.16%

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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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