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The Wild Card Crude Oil 25 Aug 2009
U.S Consumer Confidence will determine Today's Trend
The Wild Card
Crude Oil
Crude Oil prices rose significantly in the last month and peaked at $74.10 per barrel. However, there is a bearish cross on the daily chart's Slow Stochastic suggesting that the recent upwards trend is losing steam and a bearish correction is impending. This might be a good opportunity for forex traders to enter the trend at a very early stage