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The Greenback Continues To Be Pressured
Crude Oil:Oil is still traded within the upwards channel of the 4 hour chart with local bearish momentum. There is a double cross with negative slope on the 4 hour slow stochastic which indicates that an escalation of the bearish momentum might be quite imminent. This is a great opportunity for Forex traders to take advantage of this strong technical indication, and increase profit potential on that position. Forex Oil is still traded within the upwards channel of the 4 hour chart with local bearish momentum. There is a double cross with negative slope on the 4 hour slow stochastic which indicates that an escalation of the bearish momentum might be quite imminent. This is a great opportunity for Forex traders to take advantage of this strong technical indication, and increase profit potential on that position.
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