PM update:
Crude inventories were up, but gasoline demand increased. This could mean that oil bears might have a tough time cracking the 117 level. We will see, watch 118 at the close.
NQ hit daily R1 and that was that for now. Again, ER not in the game. This is a bearish divergence for equities but it all rides on oil now.
Crude inventories were up, but gasoline demand increased. This could mean that oil bears might have a tough time cracking the 117 level. We will see, watch 118 at the close.
NQ hit daily R1 and that was that for now. Again, ER not in the game. This is a bearish divergence for equities but it all rides on oil now.
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on Wednesday, August 06, 2008 at 8/06/2008 02:01:00 PM.
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