Commodity Prices

Gold •606 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,369.10	-4.40	-0.19%
WTI Crude •11 mins	71.74	+4.72	+7.04%
Gasoline •11 mins	2.383	+0.097	+4.26%
Ethanol •606 days	2.161	+0.000	+0.00%
Silver •606 days	30.82	+1.16	+3.92%

Silver • 606 days	30.82	+1.16	+3.92%
Copper • 606 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	78.15	+5.28	+7.25%
Natural Gas • 11 mins	2.953	+0.094	+3.29%
Heating Oil • 11 mins	2.933	+0.337	+12.98%

Headlines

991 days Will The ECB Continue To Hike Rates?
991 days Forbes: Aramco Remains Largest Company In The Middle East
993 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,393 days Could Crypto Overtake Traditional Investment?
1,398 days Americans Still Quitting Jobs At Record Pace
1,400 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,403 days Is The Dollar Too Strong?
1,403 days Big Tech Disappoints Investors on Earnings Calls
1,404 days Fear And Celebration On Twitter as Musk Takes The Reins
1,406 days China Is Quietly Trying To Distance Itself From Russia
1,406 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,410 days Crypto Investors Won Big In 2021
1,410 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,411 days Food Prices Are Skyrocketing As Putin’s War Persists
1,413 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,414 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,417 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,418 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,418 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,420 days Are NFTs About To Take Over Gaming?

Trader Compares Current Market Environment To 2007

It’s a mistake to view…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Is The Bull Market On Its Last Legs?

This aging bull market may…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

USD/JPY - Continued Weakness

By - Jun 01, 2017, 8:01 AM CDT

USD/JPY has exited the symmetrical triangle and keeps pushing lower. Hourly support is given at 110.24 (18/05/2017 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). The road is wide-open for further decline.

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).

Daily Technical Report