Commodity Prices

Gold •15 mins	1,508.90	-2.60	-0.17%
Platinum •15 mins	941.70	+2.50	+0.27%
WTI Crude •11 mins	58.78	-4.12	-6.55%
Gasoline •11 mins	1.636	-0.094	-5.43%
Ethanol •3 hours	1.378	-0.020	-1.43%
Silver •15 mins	18.09	+0.06	+0.36%

Silver • 15 mins	18.09	+0.06	+0.36%
Copper • 15 mins	2.627	-0.014	-0.51%
Brent Crude • 11 mins	63.01	-4.67	-6.90%
Natural Gas • 10 mins	2.664	-0.017	-0.63%
Heating Oil • 10 mins	1.980	-0.103	-4.96%

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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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