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WTI trading at $95.43/bbl

According to Slobodan Drvenica, an analyst at Windsor Brokers Ltd., “The near-term crude weakness persists, as the price, unable to scale the strong 97.00 barrier (also 61.8% of 98.22/95.02 downleg), approached the key near-term support at 95.00. With near-term studies in the negative territory and price below 20/55-day EMA, the downside remains favored.”

Conversely, “initial resistance lies at 96.00, reinforced by the 55-day EMA, with 96.55 (last Friday’s peak) seen capping for now.” Drvenica predicts. At the time of writing, WTI crude has settled in the region of USD $95.43 Monday.

Forex Flash: Oil-market structurally stable – Goldman Sachs

According to the Economics Research Team at Goldman Sachs, “We see the oil-market as structurally stable and expect long-dated Brent prices to be well anchored around USD $90/bbl due to the supply response to the high prices we have seen in recent years. However, cyclically the market remains tight, and recently demand especially in non-OECD countries has surprised to the upside while global inventory estimates have been revised downwards.”
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Forex Flash: NOK/SEK could find downside pressure this week – Danske Bank

The pair is retracing earlier gains after posting fresh monthly highs in the proximities of 1.1660 ahead of the Riksbank monetary policy meeting due on February 13. Market consensus still...
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