Commodity Prices

Gold •604 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	2,373.50	+133.90	+5.98%
WTI Crude •7 hours	67.02	+1.81	+2.78%
Gasoline •10 hours	2.068	+0.036	+1.77%
Ethanol •604 days	2.161	+0.000	+0.00%
Silver •604 days	30.82	+1.16	+3.92%

Silver • 604 days	30.82	+1.16	+3.92%
Copper • 604 days	4.530	+0.111	+2.51%
Brent Crude • 6 hours	72.87	+2.03	+2.87%
Natural Gas • 7 hours	2.859	+0.032	+1.13%
Heating Oil • 10 hours	2.636	+0.023	+0.88%

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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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