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Technical Analysis PCI : 2016-03-03

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    ADR outpaced oil prices by far Since the start of the year the ADRs of Russian oil company Surgutneftegas edged up by 15% while the Brent crude price is almost permanent. The ADR rise may have been caused by political factors and does not fully reflect the company’s financial statement. Let’s study the performance of the personal composite instrument Brent/SNGS. It has slumped 40% since the mid-2015. Can it correct upwards? The latest released IFRS financial statements of Surgutneftegas are for

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