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It's all kicking off again as oil trades below $30 per barrel
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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- Jan 15, 2016 4:41am Jan 15, 2016 4:41am
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- Inceptionist
- | Joined Jun 2014 | Status: Member | 17 Comments
Simplicity is the key to brilliance.
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- ForexSamsam
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