Commodity Prices

Gold •326 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,096.30	+7.90	+0.73%
WTI Crude •10 mins	61.95	+0.42	+0.68%
Gasoline •50 mins	2.123	+0.014	+0.66%
Ethanol •326 days	2.161	+0.000	+0.00%
Silver •326 days	30.82	+1.16	+3.92%

Silver • 326 days	30.82	+1.16	+3.92%
Copper • 326 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	65.21	+0.43	+0.66%
Natural Gas • 11 mins	3.358	+0.024	+0.72%
Heating Oil • 43 mins	2.117	+0.012	+0.59%

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EUR/JPY - Old Support Becomes New Resistance

By - Jan 18, 2017, 6:27 AM CST

EUR/JPY is trading mixed. The pair is stalling below former support given at 121.68. Weak demand indicates no near term challenge to range top. Expect to see increasing short-term bearish pressures.

In the longer term, the technical structure validates a medium-term succession of lower highs and lower lows. As a result, the resistance at 149.78 (08/12/2014 high) has likely marked the end of the rise that started in July 2012. Strong support at 94.12 (24/07/2012 low) looks nonetheless far away.

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