Commodity Prices

Gold •717 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,668.20	-39.10	-2.29%
WTI Crude •1 day	76.54	+0.69	+0.91%
Gasoline •1 day	3.004	+0.009	+0.31%
Ethanol •717 days	2.161	+0.000	+0.00%
Silver •717 days	30.82	+1.16	+3.92%

Silver • 717 days	30.82	+1.16	+3.92%
Copper • 717 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	80.57	+0.72	+0.90%
Natural Gas • 1 day	3.198	-0.035	-1.08%
Heating Oil • 1 day	3.195	+0.067	+2.15%

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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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