Commodity Prices

Gold •15 mins	1,730.70	+9.90	+0.58%
Platinum •15 mins	926.00	+11.40	+1.25%
WTI Crude •11 mins	87.89	+0.13	+0.15%
Gasoline •41 mins	2.653	-0.015	-0.57%
Ethanol •7 hours	2.161	+0.000	+0.00%
Silver •15 mins	20.85	+0.30	+1.47%

Silver • 15 mins	20.85	+0.30	+1.47%
Copper • 15 mins	3.569	+0.069	+1.96%
Brent Crude • 11 mins	93.48	+0.11	+0.12%
Natural Gas • 16 mins	6.957	+0.027	+0.39%
Heating Oil • 18 mins	3.679	-0.008	-0.22%

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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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