Hello dynamic trader blog readers.
Back at the end of September 2008 Javid had wirtten in his forex blog that crude oil could come down to $80. This is when it was trading at the $100 mark. You can read Javid's crude oil post here.
Crude oil is just above previous support and trading at $88.93 at the moment. If crude oil breaches this level then the moving average $80 zone should be a likely area of support. Beyond that the next major support point is $60.
Read todays Daily FX Blog Post.
Good dynamic trading
Currency Analyst
Anne Chapman
Advanced Get weekly chart of Crude Oil.
