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At lowest level since late June

OIL

Oil is dipping towards levels last seen since the end of June.

  • Demand outlook concerns and further deterioration in US-China relation, has kept the commodity under pressure.
  • CLA has now lost 12.25% since the August high and eyeing a test at $38.04 (29/06 low), ahead of MNI tech support $37.56, Jun 25 low.
  • USDCAD, USDNOK and USDRUB edge to their respective highs of the session

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