Commodity Prices

Gold •462 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,693.00	-7.80	-0.46%
WTI Crude •11 mins	62.67	+0.12	+0.19%
Gasoline •11 mins	1.915	+0.005	+0.26%
Ethanol •462 days	2.161	+0.000	+0.00%
Silver •462 days	30.82	+1.16	+3.92%

Silver • 462 days	30.82	+1.16	+3.92%
Copper • 462 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	66.37	+0.12	+0.18%
Natural Gas • 11 mins	3.312	-0.021	-0.63%
Heating Oil • 14 mins	2.293	+0.001	+0.06%

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USD/JPY – Renewed Bearish Pressures

By - Jun 06, 2017, 6:57 AM CDT

USD/JPY is trading lower. Hourly support has been broken at 110.24 (18/05/2017 low). Hourly resistance is given at 112.13 (24/05/2017 high). Stronger support is located at 108.13 (17/04/2017 low). Other key supports lie at a distance 106.04 (11/11/2016 low).

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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