Thursday, March 3, 2011

Oil: How High Will It Go?

From Cryptogon.

There’s no good resistance until the $140 zone, where the previous high is. Now, if oil closes the gap, going for the previous high, it will mean that the dollar will break down substantially from here. The dollar’s problems are so severe that it appears to have lost its desirability as a safe harbor during geopolitical crises...

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