TradersLog

December 14, 2009

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Chart of the Week: Crude Oil

Crude oil futures recovered from earlier losses this morning on firmer equity markets and a weaker US dollar.

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EUR/USD Forecast: Targeting 1.4450, resistance at 1.4680 - 1.4715 area By FX Instructor

The EURUSD had a significant bearish momentum yesterday, bottomed at 1.4844 and closed at 1.4863. The CCI bearish divergence I showed you on Saturday gives us a valid signal about bullish exhaustion and bearish momentum.

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Commentary: March '10 British Pound ** Bear Trend ** By JS Services

Technically the MKT is in a BEAR TREND and has produced a negative signal. On the SELL side accept all BREAKOUT, FADE and REVERSAL signals. If the MKT produces a DP BREAKOUT signal early in the session, it should just "go" and not look back.

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Good Trading,



Dan

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FX Trading - Keeping a Lid on Volcker Means Keeping a Lid on Risks

In one of several brilliant campaign moves, Barack Obama enlisted the service of several big names to lead his economic decision-making. Why? Well, probably because he realized that he had no relevant experience of his own from which to lead. It reassured many voters that he was willing to dole out responsibilities to the pros, to surround him with competent people. Sort of.

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