Brent Crude - Breakdownw
Usually not a good sign for stock markets in general if crude oil prices cool off..it often means growth is cooling off..esp at a time when OPEC is shrinking production.
Watch for this to be a lead indicator for global slowdown.
There could soon be news that the US starts building up the strategic reserves which they used when crude was above $120. If on this news crude doesn't move up it means the market is pricing a recession + then crude can be shorted.
Watch for this to be a lead indicator for global slowdown.
There could soon be news that the US starts building up the strategic reserves which they used when crude was above $120. If on this news crude doesn't move up it means the market is pricing a recession + then crude can be shorted.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.