Dollar near a 3 Month High on Signs of Economic Recovery

December 31, 2009 by ForexYard  
Filed under Daily Forex Analysis

Oil:

For the past few days Crude Oil prices rose to almost $80 a barrel at what seems to be a mild bullish correction. However now, the Bollinger Bands on the 4-hour chart are tightening, indicating that a strong move is impending, and a bearish cross on the 4-hour chart’s Slow Stochastic is taking place, suggesting that Crude Oil is resuming its downtrend. This might be a good opportunity for forex traders to enter the trend at a very early stage

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