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?
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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