Commodity Prices

Gold •672 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	2,090.50	+27.90	+1.35%
WTI Crude •21 hours	89.83	-12.44	-12.16%
Gasoline •21 hours	3.324	-0.297	-8.20%
Ethanol •672 days	2.161	+0.000	+0.00%
Silver •672 days	30.82	+1.16	+3.92%

Silver • 672 days	30.82	+1.16	+3.92%
Copper • 672 days	4.530	+0.111	+2.51%
Brent Crude • 21 hours	98.33	-11.54	-10.50%
Natural Gas • 21 hours	2.720	-0.068	-2.44%
Heating Oil • 21 hours	3.612	-0.418	-10.38%

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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.

Daily Technical Report