Posts Tagged ‘sweet crude oil’
Crude Oil – The New World Currency
Friday, June 12th, 2009Today we’re taking a look into crude oil (NYMEX_CL) market. This market has rapidly become the world currency of choice for many countries. What do I mean by that? With the dollar going down in value, it automatically pushes the value of crude oil higher.
I analyze the July electronic contract for crude oil (NYMEX_CLN09.E) using some very simple tools that you can pull into your own trading. I’ve used our Fibonacci measurement tool as well as a classic chart pattern that has been around for over half a century.
(more…)


