Commodity Prices

Gold •10 mins	1,652.50	-3.10	-0.19%
Platinum •10 mins	861.40	+4.90	+0.57%
WTI Crude •11 mins	79.81	+1.07	+1.36%
Gasoline •16 mins	2.405	+0.022	+0.92%
Ethanol •2 days	2.161	+0.000	+0.00%
Silver •10 mins	18.83	-0.08	-0.42%

Silver • 10 mins	18.83	-0.08	-0.42%
Copper • 10 mins	3.359	+0.016	+0.46%
Brent Crude • 11 mins	87.24	+1.09	+1.27%
Natural Gas • 13 mins	6.908	+0.080	+1.17%
Heating Oil • 11 mins	3.239	+0.001	+0.04%

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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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