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RJN - Crude Oil Price And Consumer Spending - How They Are Related
AB Svensk Ekportkredit ELEMENTS Linked to the Rogers International Commodity Index - Energy Total Return Structured Product
As inflation surges, consumers are feeling the increased pricing pressures from all sides right now.
The increased volatility and peak in oil prices seemed to take place as the end of an excess phase bubble was starting to unwind.
Watching IYC move lower over the past 7+ months and seeing the -34% price decline recently suggests the $120 Crude Oil price level may be the critical resistance level going forward.