Commodity Prices

Gold •14 mins	1,996.90	+47.30	+2.43%
Platinum •14 mins	992.50	+5.50	+0.56%
WTI Crude •10 mins	70.34	-0.56	-0.79%
Gasoline •10 mins	2.622	+0.029	+1.13%
Ethanol •20 hours	2.161	+0.000	+0.00%
Silver •14 mins	23.30	+0.51	+2.26%

Silver • 14 mins	23.30	+0.51	+2.26%
Copper • 14 mins	4.122	+0.078	+1.92%
Brent Crude • 10 mins	76.22	-0.47	-0.61%
Natural Gas • 10 mins	2.202	+0.031	+1.43%
Heating Oil • 10 mins	2.711	-0.029	-1.06%

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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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