Commodity Prices

Gold •270 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,016.90	+20.80	+2.09%
WTI Crude •10 mins	69.76	+0.40	+0.58%
Gasoline •24 mins	2.244	+0.009	+0.41%
Ethanol •270 days	2.161	+0.000	+0.00%
Silver •270 days	30.82	+1.16	+3.92%

Silver • 270 days	30.82	+1.16	+3.92%
Copper • 270 days	4.530	+0.111	+2.51%
Brent Crude • 13 mins	74.28	+0.65	+0.88%
Natural Gas • 10 mins	4.229	+0.164	+4.03%
Heating Oil • 4 hours	2.268	+0.007	+0.32%

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EUR/USD: Hourly Consolidation Favoured to Resolve Lower

By - Aug 20, 2012, 6:24 AM CDT

EUR/USD saw a minor break under daily channel support last week that failed to garner momentum. We would thus view a push back over 1.2444 as being a short-term bullish signal and have hence moved our stop to rest just above the recent high at 1.2444.

We continue to favour a push under 1.2242 (10/08/2012 low) to turn the near-term outlook bearish again. Below there would open up our second target at 1.2000.

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