Commodity Prices

Gold •20 mins	1,941.00	+1.40	+0.07%
Platinum •19 mins	927.60	+3.00	+0.32%
WTI Crude •10 mins	89.61	-0.02	-0.02%
Gasoline •11 mins	2.612	-0.008	-0.29%
Ethanol •3 hours	2.161	+0.000	+0.00%
Silver •19 mins	23.71	+0.02	+0.10%

Silver • 19 mins	23.71	+0.02	+0.10%
Copper • 19 mins	3.696	+0.000	+0.00%
Brent Crude • 11 mins	93.28	-0.02	-0.02%
Natural Gas • 11 mins	2.623	+0.013	+0.50%
Heating Oil • 12 mins	3.365	-0.003	-0.09%

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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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