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Old 09-12-2007, 12:55 AM
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Post Traders are counting on a rate cut to push the greenback up.

Crude Oil:Oil is consolidating at 78.20 after it has been going up for more than three weeks from 68.50. the slow stochastic on the daily chart is showing a strong bearish cross, and together with inability of the oil to breach through the strong resistance it delivers a great opportunity for Forex traders to go short at a great entry point.
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