the euro/dollar is making a new low... er the dollar is very strong this morning.
The line in the sand is still 130.50 for oil to confirm a slight downtrend....
It's a flag pattern... and the bias is to the upside in oil.
Unless Oil compleatly breaks down to the 120's I'd say we will trade flat to down today
Friday, June 13, 2008
oil and the dollar
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