Commodity Prices

Gold •627 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,769.90	-200.60	-10.18%
WTI Crude •11 mins	99.32	+1.09	+1.11%
Gasoline •14 mins	3.339	+0.053	+1.60%
Ethanol •627 days	2.161	+0.000	+0.00%
Silver •627 days	30.82	+1.16	+3.92%

Silver • 627 days	30.82	+1.16	+3.92%
Copper • 627 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	113.67	+1.48	+1.32%
Natural Gas • 11 mins	3.139	+0.044	+1.42%
Heating Oil • 13 mins	4.793	+0.184	+4.00%

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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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