Commodity Prices

Gold •10 mins	1,803.30	-10.80	-0.60%
Platinum •10 mins	848.90	-14.10	-1.63%
WTI Crude •11 mins	39.52	-0.58	-1.45%
Gasoline •13 mins	1.242	-0.031	-2.47%
Ethanol •12 mins	1.340	+0.010	+0.75%
Silver •10 mins	19.49	-0.30	-1.53%

Silver • 10 mins	19.49	-0.30	-1.53%
Copper • 10 mins	2.925	-0.031	-1.03%
Brent Crude • 11 mins	42.21	-0.51	-1.19%
Natural Gas • 10 mins	1.722	-0.017	-0.98%
Heating Oil • 10 mins	1.215	-0.008	-0.68%

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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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