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The Greenback Is Getting Stronger Again.
Crude Oil:The daily and the hourly charts both indicate a strong bearish trend. The slow stochastic is crossing with a positive slope. However the momentum and RSI are both indicating under bought levels, so we may see a reversal in the near future. For today the crude oil should continue on its steady slide down. Therefore, Forex traders may find a short position on crude oil very attractive today since there will be a clear opportunity for profit taking.
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