October 12, 2008

Crude Oil Breaks $80

Hello dynamic traders.

I want to briefly mention the crude oil has broken the $80 support mentioned on the previous forex posts listed below.

Dynamic Trader Post
Dynamic Trader Post
Javid's FXCPS Forex Post

Last weeks close was $77.70 so we are nearing $60. Below is the S&P 500 daily chart in red compared to the Crude Oil Daly chart in black. Congratulations to those trading crude oil in recent times.

Crude oil is in the two legged extension zone and a supported bounce may be on the horizon.

Javid's forex post here.

Good dynamic trading...

Anne Chapman
Currency Analyst

Sp500_crude_oil_12102008_145957

Anne Chapman
By Anne Chapman
12 Oct 2008 15:19:43 | Crude Oil

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