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  • It's all kicking off again as oil trades below $30 per barrel

    From forexlive.com

    It's been a lively week that shows no sign of letting up anytime soon Brent down to $29.79 and WTI to29.63 sees USDCAD back up through 1.4500 after holding 1.4450 in retreat from its sharp thin-liquidity spike to 1.4530 earlier Cable has taken out the strong support at 1.4350 that triggered the stops I highlighted to post 1.4338 so far. Currently 1.4348 AUDUSD has broken down through 0.6900 to post 4 month lows of 0.6881 with NZDUSD testing support around 0.6400 These are not markets for the faint-hearted or ill-disciplined but the overall trend is proving to be very much your friend. Or not, at your peril.

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  • Comment #1
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  • Jan 15, 2016 4:41am Jan 15, 2016 4:41am
  •  Guest
  • | IP XX.XXX.139.88
USD seeming the best "spice" the whole world is hooked to.

And what will happen with USD when petroleum price hits US$1.00/barrel?
 
 
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  • Jan 15, 2016 2:50pm Jan 15, 2016 2:50pm
  •  Inceptionist
  • | Joined Jun 2014 | Status: Member | 17 Comments
Quoting Guest
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USD seeming the best "spice" the whole world is hooked to.

And what will happen with USD when petroleum price hits US$1.00/barrel?
Ignored
Oil would never reach that level...The cheapest produced oil comes from KSA...It costs Saudi Arabia around 9 dollars to produce one barrel of oil and this is cheapest you can get...I don't think Oil would go lower than 14 dollars in the near future
Simplicity is the key to brilliance.
 
 
  • Comment #3
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  • Jan 15, 2016 2:54pm Jan 15, 2016 2:54pm
  •  ForexSamsam
  • | Joined Sep 2014 | Status: Member | 2 Comments
If you take productin price of a oil barrel in canada with USDCAD at 1.45

You get the actual oil price in us..

Bank invest millions in old sand... They need to sell it !
 
 
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  •  Guest
  • | IP X.XXX.47.240
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  • Posted: Jan 15, 2016 4:02am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 3  /  Views: 3,155
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