U.S. Non-Farm Payrolls Set to be Released Today!
March 5, 2010 by ForexYard
Filed under Daily Forex Analysis
OIL:
The daily chart shows some resistance. Both the 14-day RSI and the 7-Day RSI have crossed back below the overbought region, indicating sell signs. The MACD histogram is downward sloping, indicating a weakening trend. The MACD lines also appear headed for a bearish cross. Forex traders may want to scale back any long positions they may have and go short on crude oil today.
