Stocks brush off trade concerns
Oliver Sloup of Blue Line Futures - InsideFutures.com - Thu Jul 12, 10:37AM CDT

Stocks are rallying as buyers brush off yesterday's trade headlines, the S&P is now just a stones throw away from the recent highs.

Gold has found strength, after holding technical support. The bulls now need to see consecutive closes above technical resistance to encourage short covering.

Pressure in oil conitnues as prices breach the $70 mark. The longer term trend has been higher lows and higher highs, perhaps this is another buying opportunity.

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