Thursday, July 17, 2008

Oil's got the scuzzys


Oil prices falling?!?! What this is crazy, today if the candle closes under the trend line this recent uptrend is over! It is interesting to note that oil moves the same way the Loonie does; once oil starts moving it takes off and leaves no one behind, unlike some other instruments. The spread on oil and the Loonie aren't that large so it makes me wonder why they move the way they do. Every currency pair has its own personality right?

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