Commodity Prices

Gold •10 mins	1,767.80	-10.40	-0.58%
Platinum •10 mins	994.00	+43.20	+4.54%
WTI Crude •10 mins	71.97	+1.48	+2.10%
Gasoline •13 mins	2.117	+0.011	+0.54%
Ethanol •3 hours	2.207	+0.000	+0.00%
Silver •10 mins	22.70	+0.08	+0.37%

Silver • 10 mins	22.70	+0.08	+0.37%
Copper • 10 mins	4.222	+0.095	+2.31%
Brent Crude • 12 mins	75.92	+1.56	+2.10%
Natural Gas • 11 mins	4.752	-0.053	-1.10%
Heating Oil • 12 mins	2.205	+0.031	+1.41%

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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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