Monday, September 15, 2008

Tricky Euro

Crude oil was down to its lowest level of 96 this morning, the global slow down story seems to continue putting pressure on the price.

Earlier in Asian trading, the EURO broke out of the key resistance of 1.4384 but could not go any higher
As of now, the EURO is still plunging and has yet to find support.



Be very cautious on the EURO, the FED has yet to make an announcement on the interest rates this week.

Corn prices opened higher in Asian trading and is also under pressure too.

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