Commodity Prices

Gold •10 mins	1,842.40	+18.40	+1.01%
Platinum •10 mins	1,230.20	+23.70	+1.96%
WTI Crude •11 mins	65.35	+1.53	+2.40%
Gasoline •11 mins	2.123	+0.028	+1.32%
Ethanol •1 hour	2.340	+0.000	+0.00%
Silver •10 mins	27.48	+0.42	+1.56%

Silver • 10 mins	27.48	+0.42	+1.56%
Copper • 10 mins	4.656	-0.035	-0.75%
Brent Crude • 11 mins	68.70	+1.65	+2.46%
Natural Gas • 12 mins	2.963	-0.010	-0.34%
Heating Oil • 10 mins	2.034	+0.034	+1.67%

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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).

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