Friday, June 13, 2008

oil and the dollar

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

No comments:

Post a Comment