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Thread: The Wild Card Crude Oil

  1. #1

    Default The Wild Card Crude Oil

    The Wild Card Crude Oil 23 Sep 2009

    Wednesday, 23 Sep 2009
    U.S. Interest Rates on Tap

    Following two relatively peaceful trading days, today is filled with news publications from the major economies. Starting at 06:45 and until 09:00 (GMT) traders are advised to follow the news events from the Euro-Zone. Later on, the Crude Oil Inventories will be published at 14:30 (GMT). This indicator tends to have an instant impact on Crude Oil prices, and traders should use it with their trading. Finally, at 18:15 (GMT), the Federal Reserve will announce the U.S Interest Rates for September. This promises to create hefty volatility in the market, which should provide various opportunities for traders to enlarge profits.


    The Wild Card
    Crude Oil

    The high volatility of Crude Oil continues, as yesterday a barrel of Oil was traded for over $71.50 ... read more.

  2. #2

    Default The Wild Card Crude Oil 2 Oct 2009

    The Wild Card Crude Oil 2 Oct 2009
    Friday, 2 Oct 2009
    Major U.S. Data Publications to Set the Tone for Forex Trading Today

    As this week's trading comes to an end, the market awaits vital data from the U.S. economy. Both the U.S. Non-Farm Employment Change and the U.S. Unemployment Rate is set to drive the volatility of the forex market when they are released at 12.30 GMT. Also important for forex traders to follow is the Halifax HPI figures from Britain at 06:00 GMT. It is recommended that forex traders open big positions in USD and GBP crosses now, as today's trading unfolds.

    The Wild Card
    Crude Oil

    The black gold has gone increasingly bullish this week, and now stands at about $70.15. The MACD of the 4-hour chart and the MACD of the weekly chart show that the recent bullish trend may be running out of steam, and that a bearish correction may happen anytime soon. The RSI of the 4-hour chart also supports this view. Going short with tight stops may turn out to bring big returns for forex traders today. forex|forex trading|learn forex|forex trading software

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change, crude oil, forex, forex trading, gold, high, indicator, macd, news, rsi, trading, trading software, trend, usd, volatility

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