1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

The Wild Card Crude Oil 25 Aug 2009

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

  1. forexqs.blogspot.com

    Aug 20, 2009
    Likes Received:
    The Wild Card Crude Oil 25 Aug 2009

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


    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

Share This Page