Commodity Prices

Gold •10 mins	1,509.20	-4.20	-0.28%
Platinum •10 mins	942.80	-1.40	-0.15%
WTI Crude •11 mins	58.77	-0.57	-0.96%
Gasoline •18 mins	1.642	-0.007	-0.42%
Ethanol •4 hours	1.378	-0.020	-1.43%
Silver •10 mins	18.07	-0.07	-0.39%

Silver • 10 mins	18.07	-0.07	-0.39%
Copper • 10 mins	2.628	+0.001	+0.02%
Brent Crude • 32 mins	63.56	-4.12	-6.09%
Natural Gas • 11 mins	2.665	-0.003	-0.11%
Heating Oil • 10 mins	1.983	-0.007	-0.34%

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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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