Thread: Falling Oil Prices Support the USD.

Oil: There is still a bearish configuration on the 4 Hour and daily charts, indicating that the momentum is still down. The charts indicate that within this downward trend we should see a local correction before the downward momentum takes over again. Therefore forex traders can maximize gains by entering a stable short position after the local correction has taken place.




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Investors went on a selling spree on March 1, 2011 on concerns that rising oil prices could hurt economic recovery.

Libya’s oil output, and with the issues they have, the exports won’t reach full capacity. WTI oil futures open trading session over $108 a barrel as tensions in Libya and several oil exporting countries in the Middle East.


Oil Prices flare on Libya fighting?