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The leading economic nations of the world are caught between a rock and a hard place. The US Dollar is the reserve currency for the world.
Oil prices declined yesterday for the first time this week as a result of lower equity prices, which therefore hinted that fuel demand and that the U.S. economy will recover but at a weak rate, leading to more investors leaving the oil markets. As funds flew out, since investors decided to lock in on profits, we saw oil prices plummet. T... (Today 4:11 AM EDT)
Technical analysis for crude oil with major support and resistance levels and recommendations for 20-11-2009 (Today 2:06 AM EDT)
Technical analysis for precious metals with major support and resistance levels and recommendations for 20-11-2009 (Today 12:36 AM EDT)
Technical analysis for precious metals with major support and resistance levels and recommendations for 20-11-2009 (Today 12:36 AM EDT)
Oil prices inclined yesterday as the dollar fell therefore supported oil prices since commodities are priced in dollars which meant that it became cheaper for investors. As investors entered oil markets boosted oil prices while also the U.S. economy released its EIA report showing that crude inventories fell while it was estimated to incl... (Nov 19, 2009 4:00AM)
Technical analysis for crude oil with major support and resistance levels and recommendations for 19-11-2009 (Nov 19, 2009 2:04AM)