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The Wild Card Crude Oil 25 Aug 2009

Discussion in 'Major Currency Crosses' started by forexqs.blogspot.com, Aug 25, 2009.

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    The Wild Card Crude Oil 25 Aug 2009

    Tuesday, 25 Aug 2009
    U.S Consumer Confidence will determine Today's Trend

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    The Wild Card

    Crude Oil

    Crude Oil prices rose significantly in the last month and peaked at $74.10 per barrel. However, there is a bearish cross on the daily chart's Slow Stochastic suggesting that the recent upwards trend is losing steam and a bearish correction is impending. This might be a good opportunity for forex traders to enter the trend at a very early stage
     
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