Crude Oil May See Correction Today
March 9, 2011 7:00 am by Dan EduardThe euro halted its recent bullish streak yesterday, as investor concerns regarding euro zone debt outweighed the recent hawkishness regarding interest rates in the region. The EUR/USD dropped well over 100 pips yesterday and is currently trading below the 1.3900 ...
Crude Oil Bouncing Off 50% Retracement Line at $90
December 9, 2010 9:00 am by Greg HoldenThe price of Crude Oil has been receiving support from the winter season in the northern hemisphere lately, but we are beginning to see technical indicators which suggest downward pressure.
Oil drops on Stronger Dollar
January 22, 2010 10:35 am by Anton EljwizatThe Oil prices are once again dropping, and it is currently traded around $76.00 per barrel. However, there is much technical data that supports a bullish move for today as described below. Forex traders involved with commodities like this can ...
Unemployment Tops 10%; Gold Continues to Climb
November 6, 2009 11:20 pm by Greg HoldenIn a move which US President Barack Obama has called "sobering," the American unemployment rate has topped 10%, hitting a mark of 10.2% today following a worse-than-expected Non-Farm Payroll (NFP) data release. While many economists are quick to claim that ...
Crude Oil at 1-Year High
October 22, 2009 8:07 am by Greg HoldenCrude Oil finally reached its 1-year high mark yesterday with a closing price just over $81 a barrel. With little bearish news emerging from US inventory data yesterday, traders reattached themselves to the USD and equities, while buying into commodities ...
