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Teach Talk Trade Day Trading & Technical Analysis

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Dollar Futures 11/14/07

November 14th, 2007 by Uncle Mike

The December Dollar was lower in overnight trading as it has consolidated below the 10 day moving average and almost touched the T8.  The dollar is still in a steep decline and lets if 75.36 will hold as this was areas of support in the last couple of days.  The Stochastics and RSI have turned and a short term low may be near.  If the dollar continues to fall, it will be in uncharted territory and the downside will be very difficult to project.  We will just have to wait and see.

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Posted on Wednesday, November 14th, 2007 at 7:25 am In
Commodity Futures  

 
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