Commodity Prices

Gold •10 mins	1,778.60	+12.90	+0.73%
Platinum •10 mins	1,053.80	+15.90	+1.53%
WTI Crude •11 mins	83.53	+1.09	+1.32%
Gasoline •10 mins	2.489	+0.002	+0.08%
Ethanol •9 hours	2.207	+0.000	+0.00%
Silver •10 mins	23.77	+0.51	+2.18%

Silver • 10 mins	23.77	+0.51	+2.18%
Copper • 10 mins	4.773	+0.047	+1.01%
Brent Crude • 11 mins	85.04	+0.71	+0.84%
Natural Gas • 10 mins	4.920	-0.069	-1.38%
Heating Oil • 11 mins	2.559	+0.010	+0.39%

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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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