Commodity Prices

Gold •10 mins	1,801.80	-3.60	-0.20%
Platinum •10 mins	1,061.40	-29.20	-2.68%
WTI Crude •7 hours	72.07	+0.16	+0.22%
Gasoline •7 hours	2.291	+0.018	+0.80%
Ethanol •6 hours	2.320	+0.000	+0.00%
Silver •10 mins	25.23	-0.15	-0.58%

Silver • 10 mins	25.23	-0.15	-0.58%
Copper • 10 mins	4.400	+0.063	+1.44%
Brent Crude • 6 hours	74.10	+0.31	+0.42%
Natural Gas • 7 hours	4.060	+0.057	+1.42%
Heating Oil • 7 hours	2.134	+0.001	+0.06%

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USD/JPY - Former Resistance Becomes New Support

By - Feb 23, 2017, 7:25 AM CST

USD/JPY's demand is fading after its increase from support given at 111.36 (28/11/2016 low). Bearish pressures arise around hourly resistance given at 115.62 (19/01/2016 high). The technical structure suggests further weakness around former resistance given at 112.57 (17/01/2017 low).

We favor a long-term bearish bias. Support is now given at 96.57 (10/08/2013 low). A gradual rise towards the major resistance at 135.15 (01/02/2002 high) seems absolutely unlikely. Expected to decline further support at 93.79 (13/06/2013 low).

Daily Technical Report