A bearish gravestone doji formed. 3 1/2 Daychart. $CRB Index (basket of commodities). This is a very powerful bear signal. It means everybody jumped out at the top of an uptrend.
If you trade commodities look for a fundamentally weak commodity. If oil comes crashing down this should help the dollar re-bound since alot of the fed cuts are priced in since market participants arleady know the feds target is likely 2% for the benchmark. Friday Feb. 29th 2008
Author: x11115 Keywords: Forex doji pattern oil crb index trading Added: February 29, 2008
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