Commodity Prices

Gold •377 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,413.10	-4.90	-0.35%
WTI Crude •50 mins	66.52	-0.46	-0.69%
Gasoline •50 mins	2.170	+0.004	+0.19%
Ethanol •377 days	2.161	+0.000	+0.00%
Silver •377 days	30.82	+1.16	+3.92%

Silver • 377 days	30.82	+1.16	+3.92%
Copper • 377 days	4.530	+0.111	+2.51%
Brent Crude • 20 mins	68.86	-0.35	-0.51%
Natural Gas • 50 mins	3.523	+0.057	+1.64%
Heating Oil • 50 mins	2.405	+0.015	+0.64%

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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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