Commodity Prices

Gold •112 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,032.60	+2.90	+0.28%
WTI Crude •10 mins	70.06	-0.71	-1.00%
Gasoline •14 mins	2.023	-0.019	-0.91%
Ethanol •112 days	2.161	+0.000	+0.00%
Silver •112 days	30.82	+1.16	+3.92%

Silver • 112 days	30.82	+1.16	+3.92%
Copper • 112 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.26	-0.70	-0.93%
Natural Gas • 10 mins	2.417	+0.075	+3.20%
Heating Oil • 10 mins	2.207	-0.015	-0.66%

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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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