Commodity Prices

Gold •461 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,648.80	-10.50	-0.63%
WTI Crude •11 mins	61.75	+0.06	+0.10%
Gasoline •11 mins	1.893	-0.009	-0.45%
Ethanol •461 days	2.161	+0.000	+0.00%
Silver •461 days	30.82	+1.16	+3.92%

Silver • 461 days	30.82	+1.16	+3.92%
Copper • 461 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	65.45	-0.02	-0.03%
Natural Gas • 11 mins	3.518	+0.161	+4.80%
Heating Oil • 11 mins	2.264	+0.019	+0.86%

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USD/JPY - Ready To Bounce Back Higher

By - May 12, 2017, 7:20 AM CDT

USD/JPY is pushing higher since the pair broke resistance given at 112.20 (31/03/2017 high). Hourly support can be found at 113.86 (11/05/2017 low). Stronger support is located at 108.13 (17/04/2017 low). Other key supports lie at a distant 106.04 (11/11/2016 low). Expected to show continued bullish pressures.

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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