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Wednesday, June 9, 2010

Just as Surely as Sentiment Cooled Wednesday, Crude's Rally Would Fall Short of a Critical Break

A notable advance in risk appetite through the first half of Wednesday’s trading session would leverage a strong rally from US crude. Gauging the level of sentiment across the capital markets, the Dow Jones Industrial Average found its way back above 10,000 through the early trading hours of the New York session while EURUSD extended its own advance. Yet, the bullish implications from both of these moves would pale in comparison to the 4.1 percent intraday rally to the session high for the active futures contract.

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[Source: DailyFX Forex Market News]

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