Oil has lacked directional conviction after failing to break above confluence resistance last week, with prices ranging between ~$77.50 and ~$74.00 ahead of a possible breakdown.
<p> The US dollar still maintained its strengthening on Tuesday trading yesterday but the momentum was observed to fade.</p><p><br /></p><p>The ISM survey
<p>What to expect from the Reserve Bank of Australia on Tuesday, summary comments via Commonwealth Bank of Australia</p><ul><li>We expect the RBA to leave the cash rate on hold
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