Technical Update : Oil Correlation with Eur/usd

Strong correlation between crude oil and
Euro-dollar, which has a correlation coefficient of 0.8764 and an R2 of 0.768 over the past year -

The risk is on further gains above $1.2835 in euro-dollar, as crude oil continues to trade bid as hopes for a ceasefire in Lebanon fade and concerns that tropical storm Chris could
turn into a hurrrican within the next 72-hours, and threaten oil operations in the US Gulf of Mexico.

Hold the Gold Positions as well
We shall see Eur/usd rising
And looks like Crude Oil to rise.

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We shall Advice further.. Cheers.. Enjoy the Profits ;)