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Commentary Topic from greenfaucet

Dubai Debt Announcement Rattles Futures

Traders are anticipating a sharp gap to the downside during Friday's session as fears of sovereign default shake the spirits of investors worldwide. With a shortened session on Friday for the Holiday week, it will be interesting to see how prices respond on this historically "quiet" session. I hope all of you had a wonderful Thanksgiving! Below are the charts for Wednesday's sesssion. Equities closed slightly higher on low volume, no surprise here as most traders already went on vacation.