Saturday, August 22, 2015

Crude Oil Heading Down to Support at $37 on Weekly Chart?

As the chart below shows, the next support line for West Texas Intermediate Crude (spot price) appears to be at about $37.



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The content in this article, including the identification and discussion of any specific security (e.g., bond fund), is NOT meant to be and should NOT be construed and/or used as investment advice. This article is for general information and educational purposes only. Please read the Disclaimers  for junkbondrecycling.com in their entirety. The U.S. Securities and Exchange Commission website has guidance on selecting an investment adviser.

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The author/publisher has no position in oil at the time this article was written.

Base Chart Provided Courtesy of StockCharts.com.  Analysis and Annotation by JunkBond Recycling.com (all rights reserved)

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