Commodity Prices

Gold •15 mins	1,879.60	-16.80	-0.89%
Platinum •15 mins	1,151.10	+5.10	+0.45%
WTI Crude •23 hours	70.91	+0.62	+0.88%
Gasoline •23 hours	2.186	-0.026	-1.18%
Ethanol •23 hours	2.460	+0.000	+0.00%
Silver •15 mins	28.15	+0.12	+0.41%

Silver • 15 mins	28.15	+0.12	+0.41%
Copper • 15 mins	4.538	+0.052	+1.17%
Brent Crude • 20 hours	72.69	+0.17	+0.23%
Natural Gas • 23 hours	3.296	+0.147	+4.67%
Heating Oil • 23 hours	2.121	-0.023	-1.06%

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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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