I may be wrong ofcourse, but looking at those numbers, do not wanting to go down, thats the only number we havent seen. Maybe not this year, but next year for sure. From both technical and fundamental side, it should go there.
1. technical
Last year it went to 80s, touch it, went down test the 60s, a little up, then 50s. after rejecting to nicely, touching 70s, finally breaking 80s...and now stucked between 80s-85ish.
2. fundamental
demand, crisis, rate cuts, the euro, the jpy, weather,3 major elections next year (russia,usa,japan)
So please, do u see it happen as well?
1. technical
Last year it went to 80s, touch it, went down test the 60s, a little up, then 50s. after rejecting to nicely, touching 70s, finally breaking 80s...and now stucked between 80s-85ish.
2. fundamental
demand, crisis, rate cuts, the euro, the jpy, weather,3 major elections next year (russia,usa,japan)
So please, do u see it happen as well?
its just money