Oil’s Impressive Rally Cut Short by Liquidity and Discouraging Data
Friday, 28 May 2010 17:55
Written by admin
Just as surely as crude’s impressive tumble from May 3rd to the 20th required a reversal to equalize the markets, the 11 percent rally from Tuesday’s trough to Thursday’s peak would necessitate a correction of its own.
Related posts:
- Speculators Dump Long Crude Positions During Worst Tumble in 18 Months
- Record High for Gold as Sovereign Credit Risks Survive EU Rescue Effort
- Euro Short-Squeeze Short-Lived
- A Dollar-Fueled Rally for Crude Leaves the Commodity Just Below 17-Month Highs
- A Crude Bounce Turns into Six-Month Low as Speculative Concerns Override Mixed Data