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Oil declining again.. This is adding further weight behind the...

  1. radx
    1,211 Posts.
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    29/11/18
    20:07
    Post #: 36694725
    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
    XAO Value at posting: 5,835.7
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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