Thread: Trades For the Week Ending 17th January

GBP
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GBPUSD traded into 1.2212 in US trade, but Asia has kept the momentum going trading into 1.2163, with the bigger percentage moves seen in GBPNOK and GBPCHF.

Natural gas

Natural gas prices broke out of a tight range and are headed for short term resistance near a downward sloping trend line that comes in near 2.25. Support is seen near the 10-day moving average near 2.17. Additional support on natural gas prices can be seen by looking at a long term trend line on a weekly chart that comes in near 2.07.

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