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The oil prices rebound could restore confidence in loading risky assets

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Brent Mar. 16 could extend its rebound from $27.10 to reach $29.83, before residing for trading currently near $29.50, despite US EIA Oil stockpile growing in the week ending on Jan. 15 to 486,537m by gaining 3.979m barrels, while the market was waiting for adding 2.248m, after increasing by only 0.234m in the week ending on Jan. 8 to keep hovering above 480m barrels in the recent 11 weeks. The oil prices rising contributed in restoring confidence in the equities markets driving SP-Mar.16 to

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