Browse Symbol Stacks: CL: 2 aug1.PNG
Crude oil is a real mess since the start of the quarter
My sentiment is that it's not excluded at all that we gonna go back inside the channel
Well if that happens, then JNK will crater. Even @ $40, there are still credit explosions everywhere occurring in the oil patch. But at $25, it's going to get very, very ugly in high yielding credit markets.
I agree, and $25 could not be the bottom of the barrel (that's what I suspect)