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Market Commentary: The Averages Closed Up With the DOW Up 323, May The High Of The Week
Thursday, January 8, 2015 15:49
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Written by Gary
Closing Market Commentary For 01-08-2015
The afternoon markets drifted fractionally higher as the US dollar climbed back up into the important resistance zone that it broke out of once early this morning. WTI oil climber into the 48.70 range this afternoon, stopped and then traded sideways in a narrow trading zone until the close. Important to note that Brent traded below 50 for the first time since 2009 at 49.84.
By 4 pm volume remained active, low, as a few investors took on roles as bulls and bears, neither gaining the advantage. The action tomorrow may be again volatile and the bulls are forewarned.
Source: http://econintersect.com/b2evolution/blog5.php/2015/01/08/market-commentary-the-averages-closed-up-with-the-dow-up-323-may-the-high-of-the-week
