Forex | Forex Strategies | Oil Trading Analysis 1 Sep 2009 (01/09/2009 08:06:54)

Oil Trading Analysis 1 Sep 2009

The oil trading market ended the month with a dramatic fall in daily oil prices, with the oil chart closing the trading session on a wide spread down bar, which crossed and held below both the 9 day and 14 day moving averages, ending deep into the support region immediately below.  Reasons for yesterday's reversal have ranged from the fall in the Shanghai Composite which saw Chinese stocks record their biggest fall in more than a year as investors fretted that a slowdown in bank lending


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