Commodity Prices

Gold •10 mins	2,089.70	+32.50	+1.58%
Platinum •10 mins	936.10	+0.20	+0.02%
WTI Crude •20 hours	74.07	-1.89	-2.49%
Gasoline •20 hours	2.121	-0.055	-2.51%
Ethanol •18 hours	2.161	+0.000	+0.00%
Silver •10 mins	25.86	+0.20	+0.77%

Silver • 10 mins	25.86	+0.20	+0.77%
Copper • 10 mins	3.932	+0.081	+2.10%
Brent Crude • 19 hours	78.88	-1.98	-2.45%
Natural Gas • 20 hours	2.814	+0.012	+0.43%
Heating Oil • 20 hours	2.662	-0.093	-3.37%

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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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