#EURNOK bear #crab

FX:EURNOK   Euro / Norwegian Krone
With Oil             price consolidating a bit Norwegian Krona stopped falling. Since NOK             is heavily exposed to Oil             , any bullish Oil             PA will push the NOK             up. $Statoil being the Norwegian largest oil             company has a share of over 22% in the Norway stock index OBX             . OBX             is declining, Statoil shares shows a little recovery, so being long on NOK             makes sense from the fundamental standpoint.
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