Yes that is correct.....In 1997 one could have reasonably predicted Crude would reach $145. Now let's take a look how this impacted the EUR/DOL....
Very interesting indeed......Long the dollar short crude fr the time being?
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- Rodney
- A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.
Friday, August 8, 2008
Long term crude and the dollar....
Crude oil may be in for a resbit, however the long term trend is still higher. If you are not a believer in Fib lines perhaps this chart will sway your opinion........
Yes that is correct.....In 1997 one could have reasonably predicted Crude would reach $145. Now let's take a look how this impacted the EUR/DOL....
Very interesting indeed......
Long the dollar short crude fr the time being?
Yes that is correct.....In 1997 one could have reasonably predicted Crude would reach $145. Now let's take a look how this impacted the EUR/DOL.... Very interesting indeed......Long the dollar short crude fr the time being?
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