Track back to previous post on US$… as I am unable to post chart in the follow up comments.
As I was saying earlier I see 77.5 to be the real test, and the moment has arrived, if this fails then it will be 75 next and after that the previous low of of 72-73… the question that needs to be pondered is will there be any "rescue" mission kicking off at this level? With the way oil price is reacting to the declining US$, it seems the speculators have every intention of pushing it…
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