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Friday, June 18, 2010

As Equities Cool, So Does Crude Despite a Supposed Improvement in US Growth, EU Markets

After a three-day advance that clears notable resistance, it doesn’t surprise that the crude would put in for a correction that allows for some level of profit taking and fundamental moderation. However, it is interesting that this pullback should occur today when economic conditions seemed to support follow through on a bullish drive that had cleared its speculative hurdles.

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[Source: DailyFX Forex Market News]

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