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New York Session Recap

Discussion in 'Fundamental Analysis' started by ActionForex.com, May 28, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    The NY session saw the higher commodity, lower USD correlation play out. The latest weekly oil inventory report confirmed the recent move higher in prices as the supply/demand imbalance continued to narrow. Oil jumped above $65/bbl and we would think the $70/bbl level now remains vulnerable in the short-term. Crude...

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