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FTSE finally breaks out of consolidation on China, oil

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    European equity markets are sharply higher today and Wall Street futures point to a firmer open on Wall Street. The catalyst behind the bounce has undoubtedly been the recent sharp rise in oil prices to new 2016 highs. This has boosted commodity stocks in particular. Oil prices eased off their best levels overnight after data from the American Petroleum Institute (API) showed a sharp build in oil inventories in the US. If confirmed by official data from the Energy Information Administration

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