Last week’s signals were bearish and these were confirmed with initial losses of over 1 Big Fig. However, for the 4th week in a row buyers have returned to the market from close to the 200 week average rate, sentiment recovering to close little changed on the week overall, the 5th little changed week in succession. Last week’s “outside range” (lower low & higher high) also reflects investor indecision, but although signals are weak there is a cautiously
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