Oil Rises a Sixth Day on Forecast for U.S. Stockpile Decline

“Inventories will be building in January, but this week I’m not sure yet,” said Clarence Chu, a trader with options dealer Hudson Capital Energy in Singapore. “Partly also, from this morning the dollar has come off. The dollar is still higher on the day but it has pulled back a little bit.”

Crude oil for February delivery rose as much as 32 cents, or 0.4 percent, to $79.19 a barrel on the New York Mercantile Exchange. It was at $79.02 at 4:17 p.m. Singapore time. Yesterday, oil rose 10 cents to $78.87, the highest settlement since Nov. 18.

Oil has climbed 8.8 percent in the past five days and surged 77 percent this year on signs of a global economic recovery. Futures have tripled in the past decade.

“After strong gains over the past year, there’s a propensity to lock in profits and reposition for 2010,” said Mark Pervan, a senior commodity strategist at ANZ Banking Group Ltd. in Melbourne. “Now, I think you’re going to see sideways movement.”

How to Profit From FX Using Technical Analysis with forexgen

Technical analysis is price movement study. You can track the history of price movement by using price charts and try to work out which way the prices are likely to go in the future, which is a thing you can easily deduce with forexgen,

Online FX brokers will give you a variety of different tools which you can use in technical analysis. Here are some of the most common ones:

These are used to measure the volatility of the market. They comprise 3 lines:

1. A moving average in the center.

2. A lower band which shows the moving average minus 2 standard deviations.

3. An upper band which shows the moving average plus 2 standard deviations.

Available White Label Services with forexgen

For qualified firms or individuals with an existing customer base, we can provide a customized Forex trading platform branded with your company name and logo.

forexgen white label Program helps suitable firms set up an online presence in the FX industry quickly and cost effectively.

Firms looking for a behind-the-scenes partner will benefit from forexgen's customizable trading platform branded with your name and logo and available in multiple foreign languages.

White label customers are also provided with detailed web content, online reporting, and other important services to make it easier for their FX businesses to succeed.by partnering with forexgen white label partners receive a full range of administrative tools and resources including lead generation and tracking tools, detailed web content, online reporting capabilities.

Institutional Services with forexgen

forexgen can fast-track your client base into currency trading - realizing immediate new revenue for your firm. Over 50 partners worldwide leverage our market making expertise to offer their clients access to the FX market. Introducing Broker Program: Receive compensation for directing new customers to forexgen Introduce new self-directed trading or managed account clients to forexgen and earn a steady stream of compensation.

Money Manager Services:Leverage our professional trading & administrative tools. With consistent price fills, priority access to forexgen senior traders and research staff, and sophisticated trading platforms and reporting tools, forexgen money manager solution is one of the most competitive in the marketplace