TradingView
FX_Professor
Jul 11, 2022 2:39 PM

CRUDE OIL - Pray for Lower 🙏 Short

WTI CRUDE OILTVC

Description

Correlations:

Expensive energy = Inflation

Inflation brings Rate Hikes and tightening

Rate Hikes affect economic Growth

Less Growth brings Recession

= Expensive Oil means Indices Lower

ps. Indices Lower = BTC and Crypto also Lower

Keep our eyes on Oil.

One Love,

the FXPROFESSOR
Comments
dresipent
At the moment it looks more like a fake break down and USOIL is heading to $108 before it will go down further. What do you think!?
Solldy
Not the most familiar approach you take, but it was nice to see how you think through the publication. Thanks for your work, absolutely supportive!
ProjectSyndicate
you nailed it, timely chart/setup for crude oil traders.
DeGRAM
Thank you
P_S_trade
We vote for global big down move
More