Forex | Forex | Trading Oil Analysis (26/08/2009 08:13:04)

Trading Oil Analysis

Another interesting day for crude oil trading, as the oil trading session ended with a wide spread down bar reversing at a stroke the gains in crude oil prices of the last few days.   Reasons for this reversal  (in the absence of the usual suspects - US Dollar & equity market which should have been supportive of crude oil prices) include the possibility that today's oil stats will be very bearish and that daily oil prices have simply become "over extended".  However, I


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