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Crude Oil Vulnerable to Deeper Losses, SPX 500 Pullback Hinted

From dailyfx.com

US DOLLAR TECHNICAL ANALYSIS – Prices stalled to consolidate gains after establishing yet another five-year high ahead of the much-anticipated US Employment report. A daily close above the 38.2% Fibonacci expansionat 11457 exposes the 50% level at 11511. Alternatively, a reversal below the 23.6% Fib at 11391 clears the way for a test of the 14.6% expansion at 11350. S&P 500 TECHNICAL ANALYSIS – Prices paused to consolidate, with negative RSI divergence warning of ebbing upside momentum and hinting a turn lower may be ahead. A drop below the 2040.10-49.10 area marked by the 14.6% Fibonacci retracement and the ... (full story)

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