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The Wild Card - Oil

02 Jan, 2009 @ 08:42 am ET | written by Forexyard


Oil price are continuing to fluctuate within a restricted range after they rallied on New Year's Eve, and a barrel of oil is currently traded around $41.60. Nevertheless, a bearish cross on the 1 hour chart's Slow Stochastic indicates that Oil prices may depreciate. This might be a good opportunity for forex traders to join a very popular trend.

For more forex information, go to www.forexyard.com

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