Commodity Prices

Gold •10 mins	1,834.90	+5.00	+0.27%
Platinum •10 mins	1,087.80	-2.10	-0.19%
WTI Crude •11 mins	52.64	+0.28	+0.53%
Gasoline •10 mins	1.539	+0.010	+0.66%
Ethanol •3 days	1.630	-0.108	-6.21%
Silver •10 mins	25.15	+0.28	+1.14%

Silver • 10 mins	25.15	+0.28	+1.14%
Copper • 10 mins	3.639	+0.037	+1.03%
Brent Crude • 11 mins	55.57	+0.82	+1.50%
Natural Gas • 10 mins	2.585	-0.152	-5.55%
Heating Oil • 10 mins	1.597	+0.004	+0.26%

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USD/JPY - Bearish Pressures

By - Jan 05, 2017, 6:54 AM CST

USD/JPY has weakened and is moving away from hourly resistance given at 118.66 (15/12/2016 high). Hourly support at 116.05 (30/12/2016 low) has been broken. Stronger support lies at 114.74 (12/12/2016 low). Expected to see further downside moves.

We favor a long-term bearish bias. Support is now given at 96.57 (10/08/2013 low). A gradual rise towards the major resistance at 135.15 (01/02/2002 high) seems absolutely unlikely. Expected to decline further support at 93.79 (13/06/2013 low).

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