Commodity Prices

Gold •318 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	990.20	-5.20	-0.52%
WTI Crude •1 day	62.49	+0.87	+1.41%
Gasoline •1 day	2.142	+0.007	+0.35%
Ethanol •318 days	2.161	+0.000	+0.00%
Silver •318 days	30.82	+1.16	+3.92%

Silver • 318 days	30.82	+1.16	+3.92%
Copper • 318 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	65.41	+0.88	+1.36%
Natural Gas • 1 day	3.334	-0.028	-0.83%
Heating Oil • 1 day	2.141	-0.025	-1.17%

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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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