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Crude Oil at a 2 month low, stocks traders cautious

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Quick Recap Yesterday I wondered if the moves by the ECB, or the promise at least, and the rate cut in China was going to be enough to calm trader nerves. Price action in the past 24 hours tells us that this is not the case. Sure the Shanghai rally of 0.5% and the Nikkei’s 0.6% move higher took them to the highest closes in a while but it wasn’t exactly a surge you’d expect if traders were positive. Likewise the ASX 200 went nowhere and the moves in Europe last night saw all the major markets,

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