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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Markets Fall in the Middle East

Lobo
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Markets Fall in the Middle East Empty Markets Fall in the Middle East

Post by Lobo Sun 23 Aug 2015, 7:31 pm

Markets Fall in the Middle East
Posted on August 23, 2015 by Martin Armstrong

Markets Fall in the Middle East CRUDE-Y-8-23-2015
The markets are open on Sunday in the Middle East so we have seen follow-through with the sell off that rocked the equity markets in Asia, Europe, and the Middle East. This does not always reflect a continued trend on Monday mornings, but they are more of a completion of the previous week. (See Dubai down 7%; BBC).
Our target for Crude remain the same. Our first support lies at $35 with the major support at $32-31. It will take a yearly closing below $35 to warn of a drop back to the OPEC Uptrend line shown here which rests back at the $15 level over a 9 to 10 year period from the 2007 high.

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http://www.armstrongeconomics.com/archives/36373

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