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Oil ..............struggling to stay above $80

Posted by Aadil on November 12, 2009 at 10:00am

I have posted a chart of oil, 60 min time frame We have a downward sloping trend line, In order for this to break we need to see EUR/USD above 1.5040. One can remain shorting this instrument and have stop loss above the trend line provided EUR/USD remain at bay, but any sharp appreciation above 1.50 then one would certainly remain cautious.

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