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Is Crude Oil The New World Currency?

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Crude Oil Market - July Electronic Contract

Adam Hewison looks at the crude oil (NYMEX_CL) market, which has rapidly become the world currency of choice for many countries as of late. Why? Dollar down = crude oil up!

Adam analyzes the July electronic contract for crude oil (NYMEX_CLN09.E) using simple trading tools such as the Fibonacci measurements and classic chart patterns.

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Adam Hewison looks at the crude oil (NYMEX_CL) market, which has rapidly become the world currency of choice for many countries as of late. Why? Dollar down = crude oil up!

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