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SPY and Oil in Upside Lockstep Again, Despite Bearish Oil Headlines


Monday October 5th, 2015
SPY and Oil in Upside Lockstep Again, Despite Bearish Oil Headlines
by Mike Paulenoff www.MPTrader.com

Despite headline bearish news from Saudi Arabia over the weekend, NYMEX Crude Oil continues to grind higher, towards another challenge of key resistance.

Perhaps geopolitical concerns elevated by Russia's (Putin's) adventurism in Syria is impacting oil?

Putin does have a vested interest in driving oil prices higher, right?

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