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DJIA looks 2b enjoying double indemnity by way of SMA 30 & 50 support.
Until these 2 moving averages are violated, DJIA nampak OK aje :P
S&P 500 MACD just formed a Golden Cross while the Histogram Round Top formation is in progressive motion.
RSI 62.33 is stil below 70 overbought zone.
Crude oil ran smack into resistance. Traders may need to revaluate the strength of the greenback for oil futures.
Another round of Dollar vs Energy leveraging? Some form of arbitration could be on the cards.
Soyabean Oil is facing a long & hard climb before it can even reach US$40 Resistance.
Since CPO rise and fall in tandem with Soyabean oil, a sturdy support will limit CPO downside prices.
HAPPY TRADING & GOODLUCK2ALL
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