Dollar, Yen Gain on Bleaker Economic Recovery Outlook

Crude Oil:

The Oil prices dropped significantly yesterday, and it is currently traded around $78.45 per barrel. However, the 4-hour chart’s RSI is floating in an oversold territory suggesting that a recent downwards trend is loosing steam and a bullish correction is impending. This might be a good opportunity for forex traders to enter the trend at a very early stage.