Dollar Rallies on Weak German Data

Oil:

Crude Oil is displaying significant bearish signals after yesterday’s failed breach of the ‎‎$75 price level. The hourly chart has the pair trading in the overbought zone on the ‎pair’s Relative Strength Index, indicating a possible move lower. The chart also shows ‎a bearish cross has formed on the Slow Stochastic Oscillator that may support this ‎downward move. Forex and commodity traders may want to be short on Crude Oil ‎today as a significant price move may be in the making. ‎