Commodity Prices

Gold •15 mins	1,470.70	-1.20	-0.08%
Platinum •15 mins	898.10	+3.10	+0.35%
WTI Crude •11 mins	56.91	-0.14	-0.25%
Gasoline •22 mins	1.617	+0.001	+0.05%
Ethanol •5 hours	1.414	-0.016	-1.12%
Silver •15 mins	17.01	+0.01	+0.06%

Silver • 15 mins	17.01	+0.01	+0.06%
Copper • 15 mins	2.620	+0.000	+0.00%
Brent Crude • 12 mins	62.32	-0.12	-0.19%
Natural Gas • 11 mins	2.555	-0.011	-0.43%
Heating Oil • 10 mins	1.903	-0.002	-0.12%

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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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