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Hope Springs Eternal After The Jobs Report: ES and Oil Head Higher

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Unless ES (Emini S&P 500) rolls over and takes out today's low at 1984, the path of least resistance remains up, towards 2020/25 next. Meanwhile, Oil has broken out to the upside above $34.80- $35.20, which triggers upside continuation to $38 next, in route to test of $40. At this juncture, only a decline that breaks $34.30 will wreck the promising near-term set-up.

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