Commodity Prices

Gold •298 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	987.60	+14.70	+1.51%
WTI Crude •10 mins	62.77	-0.25	-0.40%
Gasoline •10 mins	2.112	-0.007	-0.32%
Ethanol •298 days	2.161	+0.000	+0.00%
Silver •298 days	30.82	+1.16	+3.92%

Silver • 298 days	30.82	+1.16	+3.92%
Copper • 298 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.63	-0.24	-0.36%
Natural Gas • 22 mins	2.929	-0.008	-0.27%
Heating Oil • 11 mins	2.164	-0.004	-0.17%

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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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