Commodity Prices

Gold •764 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,750.30	+12.40	+0.71%
WTI Crude •11 mins	78.31	+1.02	+1.32%
Gasoline •20 mins	2.969	+0.030	+1.03%
Ethanol •764 days	2.161	+0.000	+0.00%
Silver •764 days	30.82	+1.16	+3.92%

Silver • 764 days	30.82	+1.16	+3.92%
Copper • 764 days	4.530	+0.111	+2.51%
Brent Crude • 12 mins	83.80	+1.31	+1.59%
Natural Gas • 11 mins	2.645	+0.005	+0.19%
Heating Oil • 19 mins	3.924	+0.042	+1.07%

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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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