$USOIL bullish? bad for stocks? 👁🗨
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Higher crude prices next week could resurge interest rate hikes and more hawkish talks from the feds. Probability of the dollar breaking its current macro uptrend is very low.
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Higher crude prices next week could resurge interest rate hikes and more hawkish talks from the feds. Probability of the dollar breaking its current macro uptrend is very low.
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Commentaire:
Oil still seems to be linked to the stock market. Elections are right around the corner and Biden will do everything within his power to keep oil prices down. Expect a possible retest of support.
