We are making attempt at the support. This move has a bit more strength behind it compared to March's push down.
Normally, I would not expect it to push through before a 3 day weekend. But the news is not good and sentiment says short. Sentiment is behind and they are just starting to short the market so there is some room to go down. How much, we shall see.
Lots of different warning signs popping up. If anything happens with Iran I expect to see our currency take a beating and gold to go through the roof.
The next target on oil is $160, once we break the psychological $150 it is poised to take off.
Careful out there.
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