Commodity Prices

Gold •693 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,901.80	-26.20	-1.36%
WTI Crude •11 mins	90.95	+2.27	+2.56%
Gasoline •35 mins	3.195	+0.061	+1.96%
Ethanol •693 days	2.161	+0.000	+0.00%
Silver •693 days	30.82	+1.16	+3.92%

Silver • 693 days	30.82	+1.16	+3.92%
Copper • 693 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	96.64	+2.35	+2.49%
Natural Gas • 10 mins	3.071	-0.024	-0.78%
Heating Oil • 18 mins	3.651	+0.054	+1.49%

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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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