Crude Lower...

I am getting the feeling that we have seen a top in crude. Down big today on the back of a storm missing the drilling rigs in the Gulf of Mexico. It seems to me we are now looking for any reason to sell Crude.

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This is all good news for the Dollar. Usually I think if it is good for the U.S. it is good for Emerging Markets. But when it comes to Crude I am not sure since a great amount of the EM countries wealth (Latin American EM) comes form commodity profits, specifically Oil profits.

Any Thoughts ?

Good Luck and Good Currency Trading.