Commodity Prices

Gold •695 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,929.50	+2.20	+0.11%
WTI Crude •9 hours	87.36	-1.54	-1.73%
Gasoline •9 hours	3.034	-0.067	-2.14%
Ethanol •695 days	2.161	+0.000	+0.00%
Silver •695 days	30.82	+1.16	+3.92%

Silver • 695 days	30.82	+1.16	+3.92%
Copper • 695 days	4.530	+0.111	+2.51%
Brent Crude • 8 hours	91.12	-1.58	-1.70%
Natural Gas • 9 hours	3.290	+0.005	+0.15%
Heating Oil • 9 hours	3.489	-0.064	-1.79%

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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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