See charts below for West Texas Intermediate Crude.
The daily chart shows the end-of-week price is at the underside of resistance and possibly within a steep descending channel.
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| Click Chart To Enlarge |
While apparently to the contrary, the weekly chart shows the price is still within the support range.
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| Click Chart To Enlarge |
Perhaps this contradiction will be resolved next week and this will help determine the direction corporate of high yield bonds?
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Financial Disclosure:
The author/publisher has no position in oil at the time this article was written.
Financial Disclosure:
The author/publisher has no position in oil at the time this article was written.
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