Thursday, February 12, 2015

Crude at a low, King Dollar at a high? Surprise a few investors?

by Chris Kimble

crudeoilsmallbounceoffsupportfeb12

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Crude Oil’s decline has been rare in a couple of ways, percentage decline and how quickly it took place.

The decline took it down to support that has been in play since the 2009 financial crisis lows. Momentum is now the lowest its been in over 20-years.

Could the low be in place in Crude?  It seems a little early to make that call.

dollarresistancecrudesupportgomersurprisefeb12

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