Commodity Prices

Gold •15 mins	1,831.30	+15.60	+0.86%
Platinum •15 mins	1,254.50	-3.10	-0.25%
WTI Crude •1 hour	64.90	+0.19	+0.29%
Gasoline •1 hour	2.127	+0.013	+0.62%
Ethanol •24 mins	2.340	+0.000	+0.00%
Silver •15 mins	27.48	+0.00	+0.00%

Silver • 15 mins	27.48	+0.00	+0.00%
Copper • 15 mins	4.749	+0.146	+3.17%
Brent Crude • 14 mins	68.25	+0.16	+0.23%
Natural Gas • 1 hour	2.958	+0.030	+1.02%
Heating Oil • 1 hour	2.011	+0.021	+1.06%

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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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