Oil has broken support and going back to the double digits the bull market is here

Discussion in 'Trading' started by Port1385, Aug 8, 2008.

  1. Today marked the US Dollar's biggest one-day advance on a trade-weighted basis in over five years.-

    here is a bloomberg headline:

    -Euro Falls the Most in 8 Years on Reduced Bets for Higher Rate -
     
    #21     Aug 8, 2008
  2. One problem, skippy -- the dollar strengthening move is hitting resistance everywhere, the dollar will likely weaken even if only an intermediate move.
     
    #22     Aug 8, 2008
  3. We just took out the June highs in the Dollar Index. So please feel free to offer where the dollar is "hitting resistance everywhere" . . .
     
    #23     Aug 8, 2008