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A Steady Rise in US Spending and Drop for the Dollar Generates Crude’s Biggest Rally in 6 Weeks

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The combination of a steady advance in investor sentiment, a retreat for the US dollar and a terrorist attack in Russia would encourage an advance from crude prices. And, proving that this was the correct combination of risk appetite and uncertainty needed to get the speculative crowd’s interest, Monday’s rally was the largest since February 16th (when the market was in the middle of a strong bull trend).

Read this news article on Dailyfx.com.


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