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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.
I agree and I see why. There are far too many variables supporting oil - the Iran episode, inventories, OPEC, the upcoming hurricane season (they're saying this time the Jun-Nov hurricane season will be one of the worst ever) and ofcourse, oil's relation to the USD.
Yet, I believe that when gold nears 1000, oil too should be in its mid-60s. I won't be surprised if oil breaks 70 this Friday. I always say...watch out Friday!
Asad
Ashraf
USDCAD seems to be range trading here for the last 2-3 days. What's your outlook for this pair for later this week? You think we'll get up to 1.0850 this week? Plz share your thoughts, thanks!
Mojo.
Chloe, not sure what they talking about as last night's USDCAD high at 1.0775
Ashraf
Asad
Thanks v/ much for your reply. Please DON'T embarrass me by apologising - I only wanted to clear the confusion (& you've clarified well...as always).
In another post, you've written that you expect gold & silver to reach up to 970 & 13, respectively. What is the given time horizon? And if this happens, then we can expect oil to be 65-ish. Isn't it?
Asad