Commodity Prices

Gold •666 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,988.00	-6.60	-0.33%
WTI Crude •11 mins	105.25	+0.18	+0.17%
Gasoline •13 mins	3.772	+0.030	+0.81%
Ethanol •666 days	2.161	+0.000	+0.00%
Silver •666 days	30.82	+1.16	+3.92%

Silver • 666 days	30.82	+1.16	+3.92%
Copper • 666 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	114.01	-4.02	-3.41%
Natural Gas • 11 mins	2.780	+0.013	+0.47%
Heating Oil • 16 mins	4.138	-0.060	-1.44%

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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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