Given the clear boost in risk appetite across the capital markets Tuesday, oil’s rally should come as little surprise to the experienced trader. Falling back on its speculative roots, the commodity would take its cues from the positive sentiment that drove the S&P 500 up 1.5 percent to a three-week high.

Here is the original post: A Rally For Equities And Tumble For The Dollar…

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It’s been a short but exciting week so far. Investors and traders are have been scratching their heads the past few days as stocks continued to bounce around giving mixed signals. But today was a clear day of short covering from oversold market conditions…

Read more from the original source: Gold, Black Gold and Equities Technical Charts

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