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Brent managed to recover another interim slide yesterday evening. Prior to that it had done the same thing earlier in the day around the time of the 4pm London FX fix. The later fall back saw it slip to a low close to $73.25. The rebound that followed then saw it rise quite sharply into the NYMEX settlement, rising by $0.23 to fix at $74.45. So far today the price action has been characterised by a modest upside bias. Brent has risen to around $74.95 so far. Looking at the charts over the past few days it does appear to be trying to build a base ahead of the $73 handle and certainly that price point has remained intact all week. Brent for December delivery is currently trading at $74.75
The price action across the major European stock markets has seen all three major indexes crumble even more. All of them are now deeper in the red and...
Yesterday the Nasdaq 100 closed at 20,227. The index has just this minutes officially reopened at 20,571 and that is a new record start for the index...
Earlier today the Dow Jones was priced to potentially reopen above 43,600. As noted earlier the record for the index before today stood at 43,325...
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