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Weekly Forex Forecast
The WTI Crude Oil market initially fell during the week, but turned around to break above the $57.50 level. Now that we have done this, it’s likely that we will continue to see buyers jump into this market. I think the market is going to try to reach towards the $60 level above, which of course has a certain amount of psychological importance to it. Ultimately, I think that the lack of volume could push this market higher slowly, but short-term scalping is probably about as good as it gets.The US dollar went lower during the previous week, testing the 12.50 level. With the South African government acting very much ... (full story)
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