Oil Turns To Soup
One day after violence in the Middle East ignited energy
prices and roiled stock index futures, reversal patterns are taking hold and
prompting oil and index futures to change direction.Â
November crude oil
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natural gas
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Sell signals. All except unleaded gasoline are making some gains on the
short side off these patterns.Â
Nasdaq 100 futures
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comeback, up triple digits and 4.5%, as traders find value in Cisco
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which touched down near to 52-week lows Thursday. Dow futures
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also trading up triple digits, but gains there are being restrained by Exxon
Mobile and Phillip Morris
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October sugar
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List, is back in rally mode after spiking to contract highs Thursday. Watch
for this contract to continue, as the gap above the August consolidation range is
a bullish sign. Sugar is currently trading at the top of Friday’s range.