Commodity Prices

Gold •661 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	2,030.40	-8.00	-0.39%
WTI Crude •24 hours	94.40	-1.45	-1.51%
Gasoline •24 hours	3.463	+0.001	+0.01%
Ethanol •661 days	2.161	+0.000	+0.00%
Silver •661 days	30.82	+1.16	+3.92%

Silver • 661 days	30.82	+1.16	+3.92%
Copper • 661 days	4.530	+0.111	+2.51%
Brent Crude • 23 hours	105.33	+0.26	+0.25%
Natural Gas • 24 hours	2.523	-0.091	-3.48%
Heating Oil • 24 hours	3.887	-0.101	-2.53%

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EUR/JPY - Pausing Above Former Resistance

By - Dec 14, 2016, 6:30 AM CST

EUR/JPY's bullish momentum is clearly on despite some bearish consolidation. The pair is trading above former resistance at 122.01 (23/06/2016 high). The road is nonetheless wide open for further increase. Hourly support lies at 122.11 (12/12/2016 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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