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US30 - Attempts to Rally Back to Key 26000 Level as OECD Warns over Trade Wars

 

 
In the last week the US30 index has done well to reverse and rally back towards the key 26000 level which is likely to offer some resistance again given its history this year. For a couple of weeks just prior, the index eased lower and then fell sharply back to a three month low below 23500, before regaining some of that lost ground.
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Market Recap: 13 - 17 May

 

 
On Tuesday last week we covered gold which didn’t have a great week last week as it finished falling sharply away from the resistance at $1300. To start the week it surged higher to its highest level in a month reaching and testing the key level of $1300. The $1300 level has played a significant role with gold in the last few months and it would have come as little surprise to most that the sellers jumped in again at this level and forced prices lower. 
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US30 - Recovers from Three Month Low Below 25300 as Trade War Escalates

 

 
In the last couple of weeks the US30 index has eased lower and fallen sharply in the last 48 hours back to a three month low below 23500, before rallying a little in the last 24 hours back up above 25500. Prior to this decline, the index had done well in the last few weeks to steadily move higher and finally push through the resistance at the key 26000 level and move to a six month high above 26600. 
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US30 - Drops to Key 26000 Level as Trade War Fears Crush Stocks

 

 
In the last week or so the US30 index has eased lower and fallen sharply in the last 24 hours back to the current key level of 26000. Prior to this decline, the index had done well in the last few weeks to steadily move higher and finally push through the resistance at the key 26000 level and move to a six month high above 26600. Despite its fall in the last week, it has now consolidated in the last few weeks and is receiving support from 26000 allowing it to remain above this key level, for the time being.
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Market Recap: 29 April - 3 May

 

 
On Tuesday last week we covered the US30 index which spent the remainder of the week easing back towards the key level of 26000. Up until the last few days, it had all been positive news for the index, moving steadily higher pushing through the resistance at the key 26000 level and moving to a six month high above 26600. It spent a week or so consolidating a little and was receiving some support from around 26500 to keep it up near the all time high.
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US30 - Trades Near Six Month High Above 26600, as U.S. Economy Grows 3.2% in Q1

 

 
The US30 index has done well in the last few weeks to steadily move higher and finally push through the resistance at the key 26000 level and move to a six month high above 26600. It has now consolidated a little in the last couple of weeks and is now receiving support from this level allowing it to remain above this key level. 
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Market Recap: 15 - 19 April

 

 
On Tuesday last week we covered the AUDUSD which for the first time in some time left the prevailing range and traded above the key 0.7150 level for most of the week. The AUDUSD continues to frustrate many a trader as it continues to move little as it spends most of its time in the range roughly between 0.7050 and 0.7150. 
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US30 - Trades at Six Month High Above 26000, as Fed May Sit for a While

 

 
The US30 index has done well in the last couple of weeks to steadily move higher and finally push through the resistance at the key 26000 level and move to a six month high. It has now consolidated a little in the last couple of weeks and is now receiving support from this level allowing it to remain above this key level. 
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US30 - Surges to Four Month High as Some Believe Fed Needs to Cut Rates

 

 
The US30 index has surged higher in the last 24 hours to push through the resistance at 26000 and move to a new four month high. It has been slowly climbing higher in the last few days and may have been caught by the selling at 26000 level again, however that has clearly given way to significant buying pressure. The US30 index seems to have been content to trade in a narrow range roughly between 25400 and 26200 for the last month, before the recent break. 
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Market Recap: 18 - 22 March

 

 
On Tuesday last week we covered the EURUSD which finished the week falling strongly back to the current key level of 1.13. In the last couple of weeks the EURUSD has rallied well and returned back above the 1.13 level after dropping sharply to an 18 month low around 1.1175. It performed a similar rally several weeks ago moving back above the key level of 1.13 after having dropped to a then three month low below 1.1250, which moved it to a three week high above 1.14.
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