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 …
Copyright by Tradestation
Here EURO …
Copyright by Tradestation
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
April 19th, 2008 at 14:53
Oli,
Right on. What next?
November 25th, 2008 at 16:49
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