Commodity Prices

Gold •10 mins	1,622.00	-21.20	-1.29%
Platinum •10 mins	722.20	-1.60	-0.22%
WTI Crude •11 mins	20.95	+0.86	+4.28%
Gasoline •10 mins	0.628	+0.011	+1.75%
Ethanol •13 hours	0.964	-0.022	-2.23%
Silver •10 mins	14.25	+0.12	+0.83%

Silver • 10 mins	14.25	+0.12	+0.83%
Copper • 10 mins	2.190	+0.035	+1.60%
Brent Crude • 11 mins	27.25	+0.83	+3.14%
Natural Gas • 10 mins	1.691	+0.001	+0.06%
Heating Oil • 10 mins	1.039	+0.024	+2.34%

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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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