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GeoFront Market Report Week of February 21th 2016

Report Highlights:

● Failure of startup SaaS companies, US CPI, and Japan GDP
● OPEC nations Qatar, Saudi Arabia, Russia and Venezuela announced a freeze in output
pegged at January levels, Iran objects
● Oil contango index rises as oil inventories remain high, oil price to remain volatile
and range bound
● Gold is still likely to test round number resistance in the 1300 area.
● US dollar correction, possibly JPY buy

GeoFront Market Report

Week of February 21st 2016

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