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US30 - Settles Below 28000 as Fed Meeting Underway

 

 
In the last week the US30 index has rallied well back above 28000 before easing in the last two days. It had fallen sharply away from all time highs above 28000 and was possibly eyeing off support at 27000 given the rate it was falling, however it has now settled just below 28000. After trading around the key 27000 level for several weeks, the last few weeks have seen the US30 index surge higher to new all time highs above 28000, before dropping sharply and returning a lot of the gains and then rallying higher.
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Market Recap: 2 - 6 December

 

 
On Tuesday last week we covered the AUDUSD which continued to apply buying pressure on the key level of 0.6850 which continued to offer strong resistance. Earlier in the week it bounced strongly off the key support level at 0.6750 after spending the last five weeks steadily but surely easing away from a three month high above 0.69 and moving back down below the key 0.6850 level. In doing so it returned to its popular range between 0.6750 and 0.6850, where it continues to trade, with the resistance at the 0.6850 level keeping it lower.
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US30 - Drops Sharply from above 28000 on Trump Comments and Weak Data

 

 
In the last two days the US30 index has fallen sharply away from all time highs above 28000 and will now be eyeing off support at 27000 if it continues to decline. After trading around the key 27000 level for several weeks, the last few weeks have seen the US30 index surge higher to new all time highs above 28000, before easing, rallying again, and now dropping sharply and returning a lot of the gains.
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Market Recap: 25 - 29 November

 

 
On Tuesday last week we covered UK Oil which continued to trade above the key $63 level before dropping sharply back towards $60 to finish the week. After meeting resistance at the key $63 level for several weeks, UK Oil had poked its head above this level in the last week or so attempting to maintain a break higher. During last week it had also started to receive some support at the $63 level however this quickly gave way as excessive selling pressure forced it lower.
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US30 - Moves to New Highs above 28000 as Former Chair Yellen Talks on Economy Risks

 

 
After trading around the key 27000 level for several weeks, the last few weeks have seen the US30 index surge higher to new all time highs above 28000, before easing in the last week and rallying again. It is currently trading around the previous peak so it may just be experiencing some selling pressure at this level. Throughout October it rallied well and moved back above the current key level of 27000 after the index was ably supported by the 26000 level which propped up the index earlier.
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Market Recap: 18 - 22 November

 

 
On Tuesday last week we covered the AUDUSD which continued to decline steadily lower towards the key 0.6750 level. In fact, in the last three weeks the AUDUSD has steadily but surely eased away from a three month high above 0.69 and moved back down below the key 0.6850 level, into its popular range between 0.6750 and 0.6850. Leading up to the three month high, the AUDUSD had been slowly moving higher achieving higher peaks and troughs to rally off its ten year low around 0.6670 reached earlier last month.
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Market Recap: 4 - 8 November

 

 
On Tuesday last week we covered the AUDUSD which continued to ease lower through the week before dropping sharply close out the week moving back to the key 0.6850 level. The AUDUSD had been easing away from a three month high above 0.69 after reversing and surging higher through the key 0.6850. In the three or so weeks prior, it had been slowly moving higher achieving higher peaks and troughs to rally off its ten year low around 0.6670 reached earlier last month.
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US30 - Trades to All Time Highs above 27500 as Fed Signals Rates Pause

 

 
After trading around the key 27000 level for several weeks, the last few days have seen the US30 index surge higher to new all time highs above 27500. In the last month or so, it has rallied well and moved back above the current key level of 27000 after the index was ably supported by the 26000 level which propped up the index after a strong fall several weeks ago.
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Market Recap: 28 October - 1 November

 

 
On Tuesday last week we covered UK Oil which continued to ease lower through the week before surging higher to close out the week and to regain most of the week’s losses. In the last few weeks, UK Oil has moved higher back above the key $60 level looking higher towards another key level in $63, before easing during the last week away from this level. It has now traded between $58 and $63 for the most part of the last two months as it looks likely to test the resistance at $63 again.
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US30 - Trades Around Key 27000 Again as Markets Look to Fed

 

 
In the last few weeks the US30 index has rallied well and moved back above the current key level of 27000 where it has recently been content to spend some time consolidating around for the last two weeks and several weeks ago. Leading up to this level, the index surged higher ably supported by the 26000 level which propped up the index after a strong fall four weeks ago. It was again the 26000 level which allowed the index to move well to a one month high above 27000 mid-September. Throughout August the US30 Index traded back and forth around the key 26000 level and this range is now playing a role again supporting the index.
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