rss
Our Live Trading Room is Free!

Trade live and receive quality training in our live trading room every weekday with 37 year veteran and career trader Ralph Shell.  For more information about Mr. Shell please click here!


 Forex Analysis
20

Commerzbank: Crude Oil to Decline to $77; Bearish for CAD


Crude oil may decline to $77 per barrel, as prices have failed to hold above key resistance levels, according to Commerzbank.

Karen Jones, an analyst with the firm, said that crude may soon regress to its 200-week moving average near $77 per barrel. She added, “The market has not sustained its initial break above the $85.82 - $86.24 resistance zone." The zone consists of “December 2007, January and February 2008 lows.”

[Read More...]

Visit Forex Playbook



Post Rating

 Important Notice
High-Risk Warning  Forex, Futures, and Options trading has large potential rewards, but also large potential risks.  The high degree of leverage can work against you as well as for you.  You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets.  Forex trading involves substantial risk of loss and is not suitable for all investors.  Please do not trade with borrowed money or money you cannot afford to lose.  This website is neither a solicitation nor an offer to Buy or Sell currencies, futures, or options.  No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website.  Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice.  Website owners and affiliates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.  Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.