Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	969.40	+3.60	+0.37%
WTI Crude •10 mins	70.22	+1.47	+2.14%
Gasoline •14 mins	2.056	+0.011	+0.51%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.35	+1.54	+2.12%
Natural Gas • 10 mins	3.367	+0.174	+5.45%
Heating Oil • 12 mins	2.275	+0.049	+2.21%

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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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