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Let's Gain - The Professional Signals Provider - Signals, Trading Systems, Technical Analysis

Tuesday
Jan 06th
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Oil prices fall
crude_oil.jpgOil prices on Friday drop down due to fears that the US economy may face a recession and low down the demand for oil.

U.S. crude fall 85 cents to $92.86 a barrel while London Brent crude traded 97 cents down at $91.25 a barrel.

Plus, tha actual scenario in Nigeria is not making the situation any better. Nigeria is Africa's largest oil producer and a major oil supplier to the U.S. On Thursday, U.S. Federal Reserve Chairman Ben Bernanke stated that the central bank was ready to cut interest rates to help avoid a recession but oil prices did react despite the announcement.

Oil had been traded above $90 for almost a month and hit a record high of $100.09 a barrel on January 3, but began to fall on Wednesday after the release of data that showed a rise in U.S. fuel stocks and a further decline in crude supplies.





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Euro FX future traded at CME is one of the most traded future in the world and surely the most traded currency future available.

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The Crude Oil Future contract is one of the most worth, liquid, technical and volatile of the whole financial markets.

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FTSE 100 index is the underlying of FTSE 100 future. It is a share index constituted by the 100 most capitalised companies listed on London Stock Exchange.

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CAC 40: The French stock market index that constituted by 40 among the 100 highest market cap companies listed in Euronext Paris on a capitalization weighted measure.

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