Commodity Prices

Gold •10 mins	1,781.70	+5.20	+0.29%
Platinum •10 mins	941.50	+14.20	+1.53%
WTI Crude •11 mins	68.59	+2.41	+3.64%
Gasoline •11 mins	2.008	+0.067	+3.47%
Ethanol •6 hours	2.207	+0.000	+0.00%
Silver •10 mins	22.87	+0.05	+0.22%

Silver • 10 mins	22.87	+0.05	+0.22%
Copper • 10 mins	4.329	+0.049	+1.13%
Brent Crude • 11 mins	71.88	+2.65	+3.83%
Natural Gas • 10 mins	4.382	-0.185	-4.05%
Heating Oil • 10 mins	2.132	+0.072	+3.48%

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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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