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Forex Flash: Bunds remain on bullish path – RBS

In a sideway market, momentum oscillators become more importantly – “presently there are however mixed signals from oscillators for Bund movements, as the slow stochastic has turned bullish again despite being in overbought region, while RSI exited overbought conditions.” notes Technical Strategist Dmytro Bondar at RBS.
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Commodities Brief – Gold spot prices rally to 1421.00, crude testing 88.00 barrier

After retesting the 1400.00 support level on Friday, gold spot prices rebounded Monday, attempting to retrace a recovery towards the 1428.00 resistance level once again. Ultimately, a break above this resistance may extend the correctional even further, probably towards the 1460.00 handle. On the other hand, the bearish continuation scenario may evolve if price breaks back below 1391.00. During European trading today, the yellow metal has settled at USD $1421.27 per oz. in these moments on increased demand.
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