February 01, 2013 at 15:30 PM EST
Crude Oil Closing In on Its Target After Shallow Pullback
The following are the latest daily summaries of my ongoing intraday coverage providing context to interpret price action. Any prices listed are for a contract's current "front month." Their direction tends to correlate with any ETFs listed for each. Today’s Highlight: Friday’s Employment Situation report had quite an effect on currencies and gold which swung widely during the morning. Will Monday trend or just be spent absorbing Friday’s shock to the system? Regardless not trending any further would suggest that these extremes will hold for some time. Dollar Basket Mar Contract DX; (NYSEARCA:UUP) (NYSEARCA:UDN) The 79.05 target was attacked ...
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