Tuesday, April 22, 2008

Oil at 119.37

With Oil topping 119.00 dollars per barrel today and plenty of talk on the cable stations about runaway food prices (Costco talking about people stocking up on Rice...) I see no way that the Fed goes on April 30. If they do (and I put that chance at 5-10%) then I expect a firm statement that the Fed is shifting toward a more hawkish approach due to inflation.

I believe the top is in, with regards to the Euro......Why you ask...Because I have finnally gotten LONG !

Good Luck and Good Forex Trading.



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