Commodity Prices

Gold •469 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,702.60	+14.70	+0.87%
WTI Crude •11 mins	58.84	+0.57	+0.98%
Gasoline •12 mins	1.845	+0.010	+0.55%
Ethanol •469 days	2.161	+0.000	+0.00%
Silver •469 days	30.82	+1.16	+3.92%

Silver • 469 days	30.82	+1.16	+3.92%
Copper • 469 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	62.45	+0.54	+0.87%
Natural Gas • 11 mins	3.048	+0.032	+1.06%
Heating Oil • 11 mins	2.203	+0.028	+1.29%

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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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