XAO 0.07% 8,705.0 all ordinaries

Short Term Trading Week Starting: 26 November 2018, page-68

  1. 1,211 Posts.
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    Oil declining again..
    This is adding further weight behind the deflation case for the Fed to stop raising interest rates against inflation...

    An eventual easing (lowering) of interests will devalue the USD and re-inflate asset prices, like Oil, Gold etc..


    WTI Crude Oil Futures - Daily Chart

    Just broke below the physiological $50 support line..

    Screen Shot 2018-11-29 at 3.55.45 pm.png
    Last edited by radx: 29/11/18
 
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