Stock market: Current sideways move more powerful than a Santa rally; Oil may have formed a...

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Clem Chambers, founder of ADVFN, joined Nick Batsford on the Tip TV Finance Show to discuss the chances of a Santa rally, whether we are near a base in the price of oil and his view on trading. Key Points: Chambers noted that we are in a slight bear trend at the moment, and the sideways trading will be more powerful than a possible Santa rally. He continued that we have found a base of sorts in oil, and has prepared to go long, and increase his position if the oil price falls further. Chambers

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