Tuesday, July 22, 2008

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.


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.



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