Oil has hit a 15-month high on the back of optimism over the Opec deal which needs to be sorted out by November 30. But, with a record long position building across the combined benchmarks, a disappointment could leave some exposed. Full report to come within the hour....
Squawk / 13 September 2016 at 5:52 GMT
Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
GBPUSD - 13 day Moving Average to platform gains
last week's stalling at the 13 day mvg avg is proving important. Buyers were attracted for a 2nd consecutive day at that point Monday and this time it translated into firm upside. This move regained Friday’s entire net fall and ended a sequence of 3 down days.
Our signals for sentiment point higher with scope to 1.3361, 1.3376 or even 1.3418 today. Setbacks near 1.3299 are expected to attract buyers with only a loss of 1.3270 assessed as negative.
13 September
HaythamSabry HaythamSabry
Hi Alan, what's your SL for this trade?
13 September
AlanCollins AlanCollins
The stop was at 1.3270
13 September
HaythamSabry HaythamSabry


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