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  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in GBP/JPY are at opposite extremes with 70.28%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/4ucsrZ5zvl
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  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: -0.05% 🇪🇺EUR: -0.06% 🇬🇧GBP: -0.16% 🇨🇦CAD: -0.24% 🇳🇿NZD: -0.25% 🇦🇺AUD: -0.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/aUYQpPZ3SR
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Crude Coiling for a Move…but Direction Up in the Air

Crude Coiling for a Move…but Direction Up in the Air

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_oil_body_crude.png, Crude Coiling for a Move…but Direction Up in the Air

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader?

Commodity Analysis: “Given extremes in Crude COT and the fact that the recent rally failed near the 2012 high, I’m finding it difficult to treat the decline from the recent high as a 4th wave.” Nothing has cleared up on a near term basis since the 8/2 failed run at the highs.”

Commodity Trading Strategy: Flat

LEVELS: 102.21 103.78 105.01 107.20 108.89 110.53

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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