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Oil, Gold Track Higher on Support From Risk Appetite

Posted 04-09-2010 at 10:04 AM by DailyFX

Crude oil has recovered above the $86 figure while gold and silver have extended gains amid a broad recovery in risky assets. US stock index futures hint more of the same may be ahead.

Commodities - Energy

Crude Oil Recovers From Fib Support on Risk Appetite

Crude Oil (WTI) $86.18 +$0.79 +0.93%
Prices reversed lower from the $87 figure to find support at $84.93, the 23.6% Fibonacci retracement of the 03/22 - 04/05 advance, and...
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