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Crude Oil and the S&P 500 hit key highs and lows, at the same time in 2011. Now Crude oil is hitting its 61% Fib retracement level at the same time the 500 index is hitting its 2011 highs at (1).
Is it possible that an upside breakout in Crude Oil could be a positive for the 500 Index and help pull it past resistance? Stay tuned and watch how Crude Oil handles the $104-$106 level!
