Commodity Prices

Gold •15 mins	1,779.30	+2.60	+0.15%
Platinum •15 mins	1,099.20	+3.10	+0.28%
WTI Crude •11 mins	73.63	+0.55	+0.75%
Gasoline •55 mins	2.277	-0.004	-0.16%
Ethanol •47 mins	2.480	+0.000	+0.00%
Silver •15 mins	26.14	+0.09	+0.33%

Silver • 15 mins	26.14	+0.09	+0.33%
Copper • 15 mins	4.305	+0.000	+0.00%
Brent Crude • 11 mins	75.60	+0.04	+0.05%
Natural Gas • 14 mins	3.437	+0.019	+0.56%
Heating Oil • 31 mins	2.168	+0.005	+0.24%

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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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