Sunday, September 27, 2009

Oil chart analysis: update


The trendline of light crude oil is now broken.
Oil closed at $66 on Friday, below the previous support at $68.
Gold did reverse as well falling below $1000. It is now at $990/oz.
There was a bullish reversal of the US dollar against the other currencies last week as the stock markets ended their uptrend.

No comments:

Post a Comment