Commodity Prices

Gold •624 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	2,000.50	+56.80	+2.92%
WTI Crude •11 mins	92.90	-2.65	-2.77%
Gasoline •11 mins	3.088	-0.039	-1.26%
Ethanol •624 days	2.161	+0.000	+0.00%
Silver •624 days	30.82	+1.16	+3.92%

Silver • 624 days	30.82	+1.16	+3.92%
Copper • 624 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	105.54	-3.11	-2.86%
Natural Gas • 11 mins	3.135	-0.031	-0.98%
Heating Oil • 11 mins	4.264	-0.079	-1.81%

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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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