25 September 2009

Crude Oil : Weekly UpTL being Broken

  • Weekly UpTL at 67.55 being tested now.
  • Many signs that Risk Appetite is being reined back eg Carry Currency reversals, Commodities weakness, lower Bond Yelds.
  • For me, key is USD Index breaking its DownTL at 77.43 (see previous post) vs currently at 76.98.

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