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The oil benchmarks retreating drove the risk appetite down

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    With the oil benchmarks retreating to $30 per barrel, The major equities indexes have been exposed to increasing downside pressure by the end of the US session to affect negatively on the Asian session which watched sell-off in the beginning of it. WTI and Brent have been halted in the beginning of yesterday European session by facing resistance area at $32.80 whereas they have started to recede again. The market focusing is expected to be next on the Fed which is expected to send dovish

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