The Traderszone Network

Published in TZ Latest News 2 December, 2014 by The TZ Newswire Staff

Crude Carnage Resumes But Stocks Bounce As Hindenburg Omen Strikes

Following yesterday’s dead-cat-bounce, oil prices resumed their downward push today, closing just shy of the flush lows on Friday back to a $66 handle for WTI. Gold also slipped modestly with copper and silver flat as the USD surged higher (+0.75% on the day). Stocks just melted up all day long (supported by USDJPY pushing to new cycle highs over 119), stop-hunting the whole way (with the S&P breaking back above its 5-day moving-average and back into the green on the week briefly).

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