Dollar Remains Low Amid Poor U.S. Economic News

Oil:

The price of crude oil has broken its most recent bullish trend line on the daily chart and has dropped below the 10-day moving average. This could signal an end to the bullish run. The price has also crossed the middle line of the Bollinger Band, signaling the potential for the price to fall to its lower limit. Forex and commodity traders may also notice the bearish cross and the downward sloping histogram on the MACD. This may give traders the reason to short crude oil.