Market Remains Cautious Despite Strong EZ Growth

Crude oil pares gains after rebounding earlier in the day. While price slump to a 3-week low spurs buying interests, the market hesitates to take a more optimistic view on the economic outlook. Meanwhile, market sentiment recovers slightly after a strong economic report from the Eurozone. Yet, investors remain cautious and are reluctant to aggressively enter longs.

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Market Remains Cautious Despite Strong EZ Growth

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