Nymex Crude Oil (CL) After edging higher to 73.38, Crude oil reversed and fell sharply to close below key near term support of 66.25 at 65.63. There were two important implications from last week’s move. Firstly, it was an outside week reversal. Secondly, break of 66.25 completed a double top reversal pattern (73.23, 73.38). Both developments, combing with the fact that daily MACD is now sustaining below it’s own trend line, indicates that crude oil has at least topped out in short term, and

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 CLQ9 [ crude oil august 2009]  It closed on friday at 65.63.   It is just begining for downside for almost all of next week. see based at   62.5-62.00 as first downside target. -critical stop loss 67.40 -entry 65.6 *********************** contact tanuncj@yahoo.com

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Forex traders, join the daily All Things Forex broadcast- a live one hour program covering Forex and major economic events, trend developments, research, analysis, ideas, education, live traders forum, interviews with some of the most respected names in the trading world, and much more.. In the broadcast today: Top 10 Events That Will Put the Spotlight on the AUD, GBP and CAD Next Week. We examine the AUD, GBP and CAD ahead of a sequence of important economic reports next week, we list the Top

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July 3, 2009 (Allthingsforex.com) – Two interest rate announcements from the Reserve Bank of Australia and the Bank of England, coupled with the Australian Employment, the U.K. Industrial Production and the U.S. ISM Non-Manufacturing Index, will put the spotlight on the GBP/USD and the AUD/USD currency pairs in the week ahead. In preparation for the new trading week, here is a quick look at the most important economic events that every currency trader should pay attention to. Sunday, July 5

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