The U.S. dollar Trades Higher on Recovery Signs
December 30, 2009 by ForexYard
Filed under Daily Forex Analysis
Oil:
The daily chart is showing significant signals of a commodity that is overbought on a technical basis. A bearish cross has formed on the daily chart’s Slow Stochastic Oscillator, indicating the potential for a downward price move. The chart also shows the price trading in the overbought zone on the Relative Strength Index. Forex and commodity traders may like to be short on spot crude oil today.
