Saudi-Russia Deal Send Oils Stocks Flying High

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    It certainly was turn-around Tuesday for the stock market today as the indices dipped in the morning, and when the news came in that Saudi Arabia and Russia had agreed on a production freeze, the oil's took off running, pulling the rest of the market up with them. The S&P 500 jumped from 2040 to an afternoon high of 2065, a 25-point run-up, which was a very strong move. The Nasdaq 100 exploded from 4435 to over 4500, about a 68-point rally. At the end of the day they backed off a little,

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