The dollar is strengthening for a short term correction, and light crude is dropping in price with the June contract now below $100 per barrel.
Yesterday's decline was almost exactly a 50% correction of the recent bullish move, which may provide support.
Pre-Market activity shows some bullishness. Look for a $TRIN that is lower than yesterday's level and a downtrend from the open value for an indication of a bullish day. Watch the NYSE Advance - Decline Line as confirmation. Vice Versa for a bearish day.
Jobless Claims at 0830 ET
Leading Indicators at 1000 ET
Philadelphia Fed Survey at 1000 ET
Natural Gas at 1030 ET
Charles
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