Commodity Prices

Gold •15 mins	1,555.90	-4.40	-0.28%
Platinum •15 mins	1,014.40	-10.40	-1.01%
WTI Crude •11 mins	58.01	-0.57	-0.97%
Gasoline •10 mins	1.635	-0.020	-1.21%
Ethanol •1 hour	1.348	-0.001	-0.07%
Silver •15 mins	18.00	-0.07	-0.40%

Silver • 15 mins	18.00	-0.07	-0.40%
Copper • 15 mins	2.799	-0.047	-1.65%
Brent Crude • 10 mins	64.41	-0.79	-1.21%
Natural Gas • 10 mins	1.921	-0.064	-3.22%
Heating Oil • 10 mins	1.861	-0.003	-0.16%

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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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