{"id":22764,"date":"2009-12-28T05:44:15","date_gmt":"2009-12-28T09:44:15","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=7172"},"modified":"2009-12-28T05:44:15","modified_gmt":"2009-12-28T09:44:15","slug":"crude-oil-approaches-80-a-barrel-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/12\/28\/crude-oil-approaches-80-a-barrel-2\/","title":{"rendered":"Crude Oil Approaches $80 a Barrel"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/6.jpg\" width=\"120\"  alt=\"printprofile\" \/><\/p>\n<p>Now that Christmas is behind us, and New Years Eve is only at the end of the week, we have plenty of time to end this year with a big smile on our faces. Two thing happened last week that we can actually use this week:<\/p>\n<p><span id=\"more-7172\"><\/span>1.\tThe Dollar failed to extend its bullish trend against the Euro. Currently, the EUR\/USD pair is testing the 1.4420 level. In case this level will be breached, the pair has the potential to jump up sharply. However, if the pair won&#8217;t manage to cross through this level, the EUR\/USD could be on its way to the 1.4250 level again.<\/p>\n<p>2.\tCrude Oil is climbing rapidly. After dropping below $73 a barrel crude oil then rose sharply and reached over $78 a barrel; marking a 3-week record. The reason for oil&#8217;s recovery is the positive data from the U.S. economy. This is creating optimism regarding global recovery, which of course means higher demand for energy products. A continuation of positive publications has the potential to boost crude oil further; potentially towards $80 a barrel.<\/p>\n<p>Also to take note of is the thin trading we should experience this week. Since some national banks will be closed due to the holidays, we will probably see a level of choppy trading from the lack of liquidity. Traders should be aware of this and place orders with caution. Make sure you don&#8217;t forget your Stops and Limits in this week&#8217;s trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> Now that Christmas is behind us, and New Years Eve is only at the end of the week, we have plenty of time to end this year with a big smile on our faces. Two thing happened last week that we can actually use this week:<br \/>\n1.\tThe Dollar failed to extend i&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-22764","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=22764"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22764\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}