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Crude Oil Eyes 2-Week Resistance, SPX 500 Fails at Range Top Again
US DOLLAR TECHNICAL ANALYSIS – Prices areattempting to launch a recovery after moving downward as expected. Near-term support is in the 11858-86 area (March 18 low, 23.6% Fibonacci retracement), with a break below that on a daily closing basis exposing the 38.2% level at 11679. Alternatively, a turn above the 14.6% Fib expansion at 12066 clears the way for a test of the 12149-77 zone (March 13 high, 23.6% threshold). S&P 500 TECHNICAL ANALYSIS – Prices are consolidating after moving lower as expected following the appearance of a bearish Evening Star candlestick pattern. A daily close below the March 12low at ... (full story)