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WTI Crude’s push to new 2023 highs should benefit Energy

Wednesday’s roller-coaster ride post CPI report failed to answer many questions on the near-term direction for US stock indices, and movement lower under the ongoing uptrend line will be necessary towards suggesting any sort of larger pullback is getting underway.

For market bears, this requires a decline under SPX 3940, while market bulls require a firm breakout back over SPX 4200.

Interestingly enough, despite the churning happening recently in major indices like ...

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