Commodity Prices

Gold •705 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,753.10	-44.80	-2.49%
WTI Crude •11 mins	90.97	+0.43	+0.47%
Gasoline •11 mins	3.070	+0.024	+0.80%
Ethanol •705 days	2.161	+0.000	+0.00%
Silver •705 days	30.82	+1.16	+3.92%

Silver • 705 days	30.82	+1.16	+3.92%
Copper • 705 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	94.22	+1.13	+1.21%
Natural Gas • 11 mins	3.141	-0.088	-2.73%
Heating Oil • 11 mins	3.611	+0.024	+0.66%

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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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