Mongy, Oil up yes ..... but offset by a lower USD/AUD pair.
Yesterday market probed SXY intra day down to 35c ...... which was a big concern given 36c had been very solid support over the past several month. Towards the close it recovered quickly to 36c.
Today's trading will be interesting. A move back above the 20 and 50 EMA's at 38c will be crucial reflecting continued confidence. Lets see.
Mongy, Oil up yes ..... but offset by a lower USD/AUD pair....
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