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How oil bears could get burned

Discussion in 'Technical Analysis' started by ForexLive, Feb 26, 2016.

  1. ForexLive

    ForexLive Forum Member

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    WTI threatens further squeeze Markets are in a retracement phase. The overwhelming fears about the global economy are proving misplaced. Yes, some commodity exporters (especially emerging market commodity exporters) are struggling this year but cheap imports are helping the US, China and many others. It's not going to be a great year for global growth but it won't be the kind of year that crushes risk assets.

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