Monday, June 15, 2009

Currency talk should pressure Oil





After selling just tonight at 72.25- It is troublesome trying to find direction- the Russian finance minister Leonidivich just came out in favor of the dollar they are  going to try to manipulate the greenback higher that should make for a short term short play I know it's the low tonight's low might be tomorrows high. If you caught the winner off the open like me perhaps you should wait the market is bigger than all of this jawboning and we have no break in the trendline yet. I am going to need confirmation for me to start shorting here but i would sell a pop for certain at least for a trade.











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