You will see your rise today. The USD will drop against the EURO thus commodity's will rise. We need the EURO back on track to allow PBR to move up.
This year PBR started to track against the USD. Then beginning of the month started tracking to the Dow (quite normal) however the USD started to rise allot thus commodity's turned back to focus on the USD. In this chart you see at the bottom the USD and the EURO going in opposite directions and in the chart you can see the direct correlation to the USD price. We should start to see them come back together and start an oil rally now that the EU has a plan to help Greece and other troubled areas in the EU
heheh I would not worry to much about the 50ma :)
T
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