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Market Update | June 22, 2017
Asian stocks pared gains as WTI crude oil fluctuated; stronger yen pressured Japanese exporters. Mainland China equities sold off late on loan quality concerns, decline in inflation, M2 growth estimates.
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Oil Formed A Death Cross: Is That Good Or Bad? | June 22, 2017
On May 30, 2017, the crude oil (WTI) daily price chart triggered what market technicians call a moving average “death cross” event. This occurs when the shorter-term 50-day simple moving average (SMA).
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