Commodity Prices

Gold •368 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,382.20	-24.90	-1.77%
WTI Crude •10 mins	66.03	-0.47	-0.71%
Gasoline •10 mins	2.106	-0.011	-0.52%
Ethanol •368 days	2.161	+0.000	+0.00%
Silver •368 days	30.82	+1.16	+3.92%

Silver • 368 days	30.82	+1.16	+3.92%
Copper • 368 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.80	-0.50	-0.73%
Natural Gas • 11 mins	3.313	-0.074	-2.18%
Heating Oil • 10 mins	2.390	-0.019	-0.77%

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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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