COMMODITIES: Precious Metals Pull Back, Crude Falls Amid Scope For Vennie Supply

• -1,500 WNH6 118-08, sell through 118-09 post time at 1432:26ET, DV01 $272,500.
• The 30Y Ultra contract trades 118-08 last (-13)

• 11,187 TYG6 110.5/112.5 3x2 put spds, 109 net ref 112-10

• RES 4: 158.87 High Jan 10 and a key resistance
• RES 3: 158.29 2.618 projection of the Sep 17 - 26 - Oct 1 price swing
• RES 2: 158.00 Round number resistance 
• RES 1: 156.58/157.89 High Nov 28 / 20 and the bull trigger 
• PRICE: 155.90 @ 16:40 GMT Dec 8
• SUP 1: 154.35 Low Dec 5 
• SUP 2: 153.41 50-day EMA  
• SUP 3: 152.82 Low Nov 7 
• SUP 4: 151.54 Low Oct 29 

Recent weakness in USDJPY is considered corrective. The deeper retracement has allowed an overbought condition to unwind. An extension lower would expose the 50-day EMA at 153.49 and the next important support. Moving average studies remain in a bull-mode position, highlighting a dominant medium-term uptrend. A resumption of the trend would open 158.00.