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Oil at $135. What analyst have to say about it.

Written by A Forex View From Afar on Friday, May 23, 2008

Bloomberg had an interview with a range of analysts, from the well known trader George Soros to the Head of the International Energy Agency, Mr. Tanaka about the future of Oil.
Most of the analysts view the market as illogical, and many didn’t exclude Oi's future appreciation;

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Fundies and Trading
There is a constant question from some traders as to why anybody would ever need to consider the ‘F’ word when trading. Fundamentals: what is so damaging at looking at both Technical charts and having a Fundamental filter to gauge how many Lots to put on? Why is it that accepting that Technicals give us price points to trade, but Fundamentals determine the direction that we travel is so difficult for some traders to accept? Without a Fundamental Filter very few pure Technical traders would have seen this Dollar move coming today.

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