IanLee
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The dollar has rebounded from nearly 96 to a little above 97
Point and Figure Overview of SPX
Long-term trend: The bull market which started in 03/09 shows no sign of having run its course. A rough count taken on the long-term Point & Figure chart gives us a potential targettoas high as 4080. P&F does not predict time, only price.(no change)
Interm
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WTI steady on the open in consolidation despite Iran protests and uncertainty
WTI opens steady as markets digest weekend riots in Iran.
EIA data was in focus, with stockpiles on the rise by 1.16mbbl last week.
WTI has been trading in a tight range between $58.66 and $59.16 at the start of the week following a sideways range of between $58.65/59.75 when prices dropped on a d
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USD/JPY Technical Analysis: Struggles to stretch the recovery beyond 109.25/30
USD/JPY stays above 200-bar SMA after Wednesday’s sharp recovery.
Multiple lows marked during late-December cap immediate upside.
Overbought RSI signals the pullback, sellers can revisit Tuesday’s top during decisive declines.
USD/JPY holds onto recovery gains from Wednesday while taking the bids t
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