Vikram Saxena

What's Behind the Slide in Oil and Commodities?

Missed the Key: That Tricky/ECB hinted that they were done with the rate hikes due to the rapid decline in the Euro zone economy. This is likely to end Euro's run against the USD, which will also gain from the end of the Bush era. Plus the $150 spike target was almost met, and July it traditionally a slow month for oil.

The key is where it bottoms. Does it stay firmly above $120 or does it test $100.