The firmer tone for crude futures should underpin the market at the open. |
The pullback in crude is mostly related to the tentative deal between Russia and Iran on uranium enrichment, and gold is softer mostly for the same reason. |
The surprise fall in crude stocks has helped the rally and the energy sector has keyed off that. |
We got weakness in the Nasdaq today before some big earnings. |
We had a pretty decent pull-back in spot gold, so I think there is some profit-taking here. |