with Oli | Strategies

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SELL OIL and EURO … End of CRISIS???

Weekend ahead … time for weekly charts :)

Euro and OIL are working on a reversal today … EXACTLY at their targets …

Both had a nice uptrend, starting the second half of JULY 2007 …

the time, when everybody got aware of the huge problems within the financial system in the USA and this was the trade, they set up to avoid being hit … BUYING EURO AND OIL!!!

We had exactly in the MIDDLE of it a nice “W”- Formation … especially in the OIL :)

Too many uninformed players in the currencies??? ;)

In the OIL we exactly hit the weekly trendchannel … in the Euro, we tried to break it sometimes …

Too many uninformed players in the currencies … again? ;)

As the UK is seemingly working on a plan to “solve” the crisis and most banks seem to have the worst … for the time being … behind them …

THE CASE SEEMS TO BE …

The EURO and OIL Bull-Trade is HISTORY!!!

SO BE AWARE!!!

Here OIL …

Sell Oil now

Copyright by Tradestation

Here EURO …

Sell Euro now

Copyright by Tradestation

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This entry was posted on Freitag, April 18th, 2008 at 14:03 and is filed under FDAX. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “SELL OIL and EURO … End of CRISIS???”

  1. Mike Says:
    April 18th, 2008 at 14:08

    Oli, we already talked about. I’m on your side. Technical situation together with fundamentals. In 4 weeks everybody could be surprised about losses in “late” long positions in both markets …. and the “long cover” move can begin … “Push the button” my friend …. :-)

    Nice work.

    Mike

  2. Noble Says:
    April 19th, 2008 at 14:53

    Oli,

    Right on. What next?

  3. EURO and OIL … REVISITED | Riding the DAX Says:
    November 25th, 2008 at 16:49

    [...] Post 18.April 2008 [...]

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