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01Jul2015 Market Close: Markets Close Solidly In The Green, Greece Remains In Default, WTI Oil Testing Key Support
Tuesday, July 7, 2015 0:10
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Written by Gary
The SP500 closed up and above the 145 DMA, but showing signs of weakness that may send it down to test support again (2057), but probably more sideways and sea-sawing as news emanates out of Greece and the EU.
WTI oil dropped to a key support (mid 56) and is resting while the U.S. dollar has risen to the mid 69′s.
The markets closed up nicely, mostly on manipulation and positive news (read rumors) from Greece, but not much will really known until this Sunday when the Greek referendum is voted on.
Source: http://econintersect.com/pages/market/market.php?post=201507011522
