Commodity Prices

Gold •10 mins	1,801.90	-1.90	-0.11%
Platinum •10 mins	845.90	-1.00	-0.12%
WTI Crude •1 hour	40.55	+0.93	+2.35%
Gasoline •1 hour	1.283	+0.033	+2.61%
Ethanol •1 hour	1.320	-0.075	-5.38%
Silver •10 mins	19.05	+0.09	+0.48%

Silver • 10 mins	19.05	+0.09	+0.48%
Copper • 10 mins	2.898	+0.059	+2.08%
Brent Crude • 11 mins	43.17	+0.82	+1.94%
Natural Gas • 1 hour	1.805	+0.026	+1.46%
Heating Oil • 1 hour	1.241	+0.017	+1.41%

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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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