This is a blog on my perspective of market direction
Thursday, December 11, 2008
EUR/US dollar break out
US dollar has officially turned down today and this is bullish for commodities. As you have noticed, USO and OIH all already zoomed up a lot.
ENER looks like it is follwing the energy tails to zoom up. It's the first day going up after 3 down days and already more than 10% up. It could gap up tomorrow.
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