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VIX, Oil, BRICS & Sterling's Sell-Appeal
BRICS equity indices fail at key fib retracements, VIX and oil near major trend lines and sterling's sell-appeal hasn't looked this good in a while.
we crashed last september due to financial sector shocks. we need something of similar importance to have a pull back this year.
but september has not finished yet!
Oil was very unpredicatble today....thanks to the payroll numbers - do you see the RES level of 67.30 being taken out early next week ?!
Have a good weekend.... :) ~!~
ten years is touching its support at 3.295
does the money side coming from treasury could trigger a buying pressure in the dow
Ashraf
if u expect a return to the 910 dollar for gold that mean that we can have a probable h&s. i know it is too early to project but a bounce back to this level represent the point touch at an ascending line .
As i said on twitter today: EURUSD HARD TO BREAK ABOVE 1.3445, TrendLine resist from Aug 27 at 1.3445
AUDUSD brke key resistance but we have to CLOSE above 0.8470-80 to call this something meaningful. Have we forgotten thsi week's selloff? AND SHANGHAI COMPOSITE STILL SHOWS BEARISH ENGULFING AUGUST, SUGGESTING A BEARISH SEPTEMBER.
Will talk about China SDR play next week
Ashraf