Quieter start to the week accompanied by lower volumes across the board. European equities tumbled at the open following Oil, which hit a 17-year low after falling below 20.5. The commodity is top of our watch list today and although the 20.5 level has been tested throughout the morning, it is worrying that is now trading below it – next support is the 2011 low of 16.70. Elsewhere we are also watching copper, for which the support stands at 200 (HG1 216.75).
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