PM), weighing in at $120 billion -- headed mostly south. Through its April 1 low, it shed 18% from its June 2014 peak above $91.
The good news is that PM reached long-term support from its 2013 low
and, arguably, the bottom of a giant trading range originating in early
2012. The question for traders is whether this support will hold, and
there are many reasons why I think it will. (more)
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