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Re: IT'S A BULL MARKET
It certainly looks like it. The 100EMA just crossed over the 200EMA for the first time since july 2016 which lead to a 4 month bull ride then from (145 to 172) just later on keep drifting downward. Anyways, at these lower levels the potencial upside is more likely. Consider the global monetary easing policies and potencial up cycle for all commodities. Close watch has to be the USDBRL.