What does WTI Crudes decline mean for Energy?

Key Takeaways

  • Monday’s decline brings prices closer to trading support at 50% retracement levels
  • Treasury yields likely push higher to 3.00-3.25% in TNX into May
  • Crude Oil’s decline looks temporary only and should lead to buying opportunities
The pullback in S&P has now produced losses in six of the last nine trading sessions, with prices approaching the 50% retracement level of its rally off of mid-March lows.  Overall, nothing has c...

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