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November 22, 2007


The Wind at One’s Back: Long Crude, Short Dollars

Even if your trade timing stinks, if you have the wind (a.k.a. the larger time frame trend) at your back, you should be OK. Here are the hourly Crude and weekly Dollar charts:


Click to enlarge (Crude, Hourly)



Click to enlarge (US Dollar Index, Weekly)

Related:

Sticking Firmly with a Totally Arbitrary Price Target for Crude
Crude Will Hit $100 No Problemo

This entry was posted on Thursday, November 22nd, 2007 at 11:53 am (utc+8) and is filed under Trading and Investing.

One Response to “The Wind at One’s Back: Long Crude, Short Dollars”

  1. CapitalGain said:
    November 23rd, 2007 at 3:59 am

    Shorting the USD has been the most prolonged and one-sided trade I have ever experienced.

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