NEW YORK ( TheStreet) -- During the holiday-shortened week, equities are rallying thanks to no military intervention in Syria. However, Alan Knuckman, chief market strategist for Trading Advantage,told TheStreet's Jill Malandrino what could happen if that changes.While equity markets are sensitive to Syrian action, gold and oil are much more contingent on global events, particularly in the Middle East, he said. Crude has been stuck in a multi-year range, between $80 to $115 per barrel. Knuckman said that a breakout over $115 could signal a further move up to $140 per barrel.
[video] Quick Take: Is a Rally Warranted?
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