Commodity Prices

Gold •15 mins	1,832.40	-5.40	-0.29%
Platinum •15 mins	937.00	+5.30	+0.57%
WTI Crude •10 mins	43.12	+0.06	+0.14%
Gasoline •11 mins	1.204	+0.000	+0.01%
Ethanol •4 hours	1.410	+0.020	+1.44%
Silver •15 mins	23.59	-0.04	-0.18%

Silver • 15 mins	23.59	-0.04	-0.18%
Copper • 15 mins	3.270	+0.012	+0.35%
Brent Crude • 2 hours	46.06	+1.10	+2.45%
Natural Gas • 30 mins	2.711	-0.059	-2.13%
Heating Oil • 1 hour	1.311	+0.000	+0.01%

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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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