Commodity Prices

Gold •624 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	2,000.50	+56.80	+2.92%
WTI Crude •11 mins	92.90	-2.65	-2.77%
Gasoline •11 mins	3.088	-0.039	-1.26%
Ethanol •624 days	2.161	+0.000	+0.00%
Silver •624 days	30.82	+1.16	+3.92%

Silver • 624 days	30.82	+1.16	+3.92%
Copper • 624 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	105.54	-3.11	-2.86%
Natural Gas • 11 mins	3.135	-0.031	-0.98%
Heating Oil • 11 mins	4.264	-0.079	-1.81%

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EUR/JPY - Starting To Reverse

By - Mar 08, 2017, 6:00 AM CST

EUR/JPY's demand has slowed down after reaching 121.00. Hourly resistance can be located at 121.34 (10/02/2017 high). Strong resistance is given at a distance at 123.31 (27/01/2017 high). Expected to show further weakness.

In the longer term, the technical structure validates a medium-term succession of lower highs and lower lows. As a result, the resistance at 149.78 (08/12/2014 high) has likely marked the end of the rise that started in July 2012. Strong support at 94.12 (24/07/2012 low) looks nonetheless far away.

Daily Technical Report