Commodity Prices

Gold •20 mins	2,413.80	+15.80	+0.66%
Platinum •20 mins	943.80	-10.70	-1.12%
WTI Crude •16 hours	83.14	+0.41	+0.50%
Gasoline •16 hours	2.710	-0.003	-0.13%
Ethanol •14 hours	2.161	+0.000	+0.00%
Silver •20 mins	28.84	+0.46	+1.63%

Silver • 20 mins	28.84	+0.46	+1.63%
Copper • 20 mins	4.498	+0.061	+1.37%
Brent Crude • 15 hours	87.29	+0.18	+0.21%
Natural Gas • 16 hours	1.752	-0.005	-0.28%
Heating Oil • 16 hours	2.541	+0.007	+0.29%

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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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