May crude oil closed up $0.69 at $49.94 a barrel today. Prices closed near mid range today in quieter trading. Trading has turned choppy. A potentially bearish descending triangle pattern is in place on the daily bar chart. Crude oil bulls and bears are on a level near term technical playing field.
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The June U.S. dollar index closed up 10 points at 85.46 today. Prices closed near mid range today. Bulls and bears are on a level near term technical playing field. Bulls' next upside price objective is to close prices above solid technical resistance at 86.61.
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The June S&P 500 futures index closed up 13.20 at 861.70. Prices closed near the session high today and hit a fresh nine week high. The June Dow futures closed up 80 points at 8,060. Prices closed near the session high and hit a fresh nine week high today.
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