December 23rd Daily Market Comments

Yesterday the indexes closed at the T-line area. Today’s positive trading makes the 50 and 200 day moving averages the next viable target. This implies some steady buying for the next day or so. Market conditions have not changed, there are both good long positions and short positions working. Oil prices had been showing Doji days in the oversold area. Today’s bullish trading indicates which direction they’re currently taking crude oil prices.

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