Euro Levels Out Against Major Rivals Ahead of EU Summit

Crude Oil:

Short- and mid-term indicators on Crude Oil seem to be giving off bearish signals this morning. Both the hourly and 4-hour Stochastic (slow) appear to be showing a bearish cross. The RSI on both charts also appears to be floating in the over-bought territory. These indications may give forex traders a chance to capture a healthy dose of profits in today’s early trading hours by going short on this commodity.