sp'60min
WTIC Oil, weekly2
Summary
*Oil is set for a sig' net weekly gain. First blue candle in a fair few weeks. First target is 40/42 zone. Any move >42.. bodes for much higher to the $50 threshold in the spring. Were that to occur, it'd massively help the broader market mood.
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Aside from the weekly jobs data, there really isn't a reason to expect anything of significance from today's half session.. as we close early at 1pm.
Certainly though... the recent underlying trend from the last few days - such as in energy, will likely continue.
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Update from Mr C.
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Overnight action...
Japan: -0.5% in the 18700s.. still struggling
China; -0.6% @ 3612... still below the monthly 10MA.
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yours.... always here... even on Christmas Eve.