The US stocks set to open lower on weak Chinese data

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The slide in oil prices continues following OPEC’s decision to expand the production ceiling to 31.50mio barrel/day from 30mio barrel previously; WTI fell to its lowest since August while Brent hit its lowest since March 2009. Although the oil market is edging the oversold conditions, the combination of an oversupplied market and a soft global demand appears to be favourable of further downside to $32/$35, the 2008 crisis dip. The Canadian dollar took a decent dive below 74 cent against the US

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