Commodity Prices

Gold •788 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,812.80	-41.50	-2.24%
WTI Crude •11 mins	85.05	+1.65	+1.98%
Gasoline •6 hours	3.490	+0.000	+0.00%
Ethanol •788 days	2.161	+0.000	+0.00%
Silver •788 days	30.82	+1.16	+3.92%

Silver • 788 days	30.82	+1.16	+3.92%
Copper • 788 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	90.12	+2.02	+2.29%
Natural Gas • 11 mins	2.873	-0.015	-0.52%
Heating Oil • 33 mins	4.423	+0.067	+1.53%

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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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