Commodity Prices

Gold •10 mins	1,764.00	-14.80	-0.83%
Platinum •10 mins	994.70	-6.40	-0.64%
WTI Crude •11 mins	72.36	+0.13	+0.18%
Gasoline •2 hours	2.129	+0.005	+0.25%
Ethanol •3 hours	2.207	+0.000	+0.00%
Silver •10 mins	22.61	-0.30	-1.30%

Silver • 10 mins	22.61	-0.30	-1.30%
Copper • 10 mins	4.210	-0.042	-0.99%
Brent Crude • 11 mins	76.36	+0.17	+0.22%
Natural Gas • 19 mins	4.783	-0.022	-0.46%
Heating Oil • 11 mins	2.218	+0.007	+0.31%

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USD/JPY - Ready For Another Leg Lower

By - Mar 23, 2017, 6:08 AM CDT

USD/JPY has failed to break key resistance given at 115.62 (19/01/2016 high) confirming persistent selling pressures. The pair has broken strong support at 111.36 (28/11/2016 low). Hourly resistance can be located at 113.57 (16/03/2017 high).

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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