The Wild Card Daily Updates - Apr 30, 2008
Crude Oil
There has been a sharp breach beyond the bottom barrier of the sharp bullish channel. The Slow Stochastic is showing a fresh bearish signal in the form of a triple top which indicate a very strong possible bearish corrective move. Forex traders must wait for the breach to validate before taking the short position.The Wild Card Daily Updates - Apr 29, 2008
Crude Oil
Breaching all time highs appears to be Oil's routine lately, and the today is no different. There is local bearish momentum created on the 4 hour chart, yet the daily momentum is still very high. Forex traders should look for a good dip to go long at, as the direction appears to be up.The Wild Card Daily Updates - Apr 28, 2008
Crude Oil
The failed attempt to breach through the bullish channel from the bottom section has caused the bullish momentum to regain its strength. Crude Oil is now showing extremely strong bullish momentum as seen by the hourly oscillators. This is a great opportunity for forex traders to join the trend, with fresh all time highs being breached on a daily basis.