Axis Energy Corp (AXGC)

[Pig-man]

Dollar Chart is officially breaking down today....

Oil as a trading vehicle has not been moving due to fundamental reasons, Oil has been moving in reverse of the dollar... So when the dollar has been trending lower the oil prices have been rising..

If you follow the technicals, the dollar has had a falling wedge formation and has gone to yesterdays levels in the mid Nov. time frame where it found support, then it bounced off that level at the end of May, today we are breaking below that support level, so expect next weeks big new to be the dollar is faltering... Professional traders have spotted this and ran Oil up today...

So for all that think we need Oil to move up to help AXGC, expect a run in oil, a breakout to the upside and a breakdown in the dollar...