USOIL beginning new downtrend?
Drill baby drill. This will cause a large influx of oil supply, outweighing demand, which will reduce oil prices.
On the chart, we are seeing oil selling off against the bearish 200MA right now.
This may very well likely be the beginning of the new downtrend.
Between lower interest rates in the coming year and lower gas prices, the economy should have enough stimulus to overlook the effect of tariffs.
On the chart, we are seeing oil selling off against the bearish 200MA right now.
This may very well likely be the beginning of the new downtrend.
Between lower interest rates in the coming year and lower gas prices, the economy should have enough stimulus to overlook the effect of tariffs.
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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.