SimplyShowMeTheMoney

$USOIL bullish? bad for stocks? 👁‍🗨

Long
TVC:USOIL   CFDs on WTI Crude Oil
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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 !!


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Comment:
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.
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