Commodity Prices

Gold •488 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,557.20	-24.20	-1.53%
WTI Crude •11 mins	60.26	-0.79	-1.29%
Gasoline •11 mins	1.897	-0.020	-1.02%
Ethanol •488 days	2.161	+0.000	+0.00%
Silver •488 days	30.82	+1.16	+3.92%

Silver • 488 days	30.82	+1.16	+3.92%
Copper • 488 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.11	-0.78	-1.20%
Natural Gas • 11 mins	4.239	-0.027	-0.63%
Heating Oil • 11 mins	2.389	-0.016	-0.67%

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EUR/JPY – Monitoring Resistance At 122.01

By - Dec 05, 2016, 5:51 AM CST

EUR/JPY's bullish momentum is clearly on, despite large downside moves. The pair is monitoring resistance at 122.01 (23/06/2016 high). The road is wide-open for further increase. Hourly support lies at 118.56 (intraday low). Expected to go further higher but larger downside moves may happen again (profit taking).

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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