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WTI and Petro Currencies

OIL
WTI continues to drive Petro currencies lower, on the back of better selling interest in Equities
  • WTI is testing that area at $51.51 Low Jan 11 and key S/T support
  • CLH1 is now lowest since 8th of Jan, and further downside traction will open to $51.02 20-day EMA
  • USDCAD resistance is still at 1.2728 20-day EMA
  • USDNOK is testing yesterday's high at 8.4946.
  • Next resistance above comes at 8.6452 and the more important 50d MA situated today 8.6901.

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