Crude sets the cat amongst the pigeons
Brent crude broke resistance at $84, signaling a fresh advance. Expect retracement to test the new support level but respect is likely and would confirm our target of $94 per barrel.
Nymex light crude similarly broke resistance at $80, offering a target of $90 per barrel.
The threaten upsurge in inflation spooked bond investors, with the 10-year Treasury yield breaking resistance at 4.20%, offering a target of 4.35%.
The Dollar Index jumped above resistance at 103 in response...
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