- Devisen-Trader-Talks - Frank1, 07.11.2000, 08:59
Devisen-Trader-Talks
07.11.2000, 08:32:00
chart:USD/CHF-Yesterday's price action defines 1.7785 as the level which must be overcome to confirm a base is in place to set up a recovery to 1.7875 - this is pivotal resistance and although it is likely to remains a formidable obstacle, a clear break would trigger fresh gains to 1.7971 (61.8% 1.8300 to 1.7440), and 1.8097 thereafter.
07.11.2000, 08:27:00
chart:EUR/USD-Having managed to hold above 0.8550 yesterday, the Euro maintains a positive tone heading into the European session. We are looking for a break above 0.8675 to relieve the risk of a corrective sell-off for an extension to 0.8738 and 0.8795 thereafter. In the big picture, a break of 0.8830 (76.4% 0.9020 to 0.8827), is required to suggest an interim low is in place to set up a more meaningful recovery to 0.8945 and ultimately 0.9020 to confirm recent price action is not merely corrective against a broader bearish backdrop.
07.11.2000, 08:02:00
OIL-IMF koehler said oil fundamentals indicate crude falling below $ 30 a barrel...but news of disruptions to oil export from OPEC member Nigeria due to civil unrest (Royal dutch shell said force majeure will last for rest of november ) forced prices higher.. december is up 24 cents at $ 33.10
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