Commodity Prices

Gold •295 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	964.00	-16.30	-1.66%
WTI Crude •10 mins	62.88	+0.09	+0.14%
Gasoline •10 mins	2.108	+0.002	+0.11%
Ethanol •295 days	2.161	+0.000	+0.00%
Silver •295 days	30.82	+1.16	+3.92%

Silver • 295 days	30.82	+1.16	+3.92%
Copper • 295 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	66.59	+0.04	+0.06%
Natural Gas • 10 mins	2.914	-0.016	-0.55%
Heating Oil • 21 mins	2.149	+0.005	+0.23%

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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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