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Pairs in Focus This Week – Oil, Gold, EUR/USD, GBP/USD, USD/JPY, USD/CAD, NASDAQ 100, USD/MXN
The crude oil market has fallen a bit during the course of the week, but we continue to be held hostage to the noise in the Middle East. With that being the case, the market is likely going to continue to see the $90 level above as a major resistance barrier. If we can break above the $90 level, then it’s possible that the market could go look into the $95 level. Underneath, the 50-Week EMA of course is something that could offer support. chart Gold I feel like I’ve been chasing gold back and forth all week, as we continue to see the market looking at the $2000 level as a major resistance barrier. If we can ... (full story)