Crude Oil, Gold To Rebound Amid Broad Correction In QE2-Linked Assets
Posted on May 09, 2011 at 05:39 AM EDT
Commodities – Energy Oil to Bounce with Stocks After Last Week’s Selloff WTI Crude Oil (NY Close): $97.18 // -2.62 // -2.63% As we discussed last week, prices took out support at the midline of a rising channel that has guided them higher since February 2009, initially exposing the $93.00 figure followed by the channel [...]