ew-forecast

The Overlooked Impact of Lower Crude Oil Prices on Inflation

NYMEX_DL:CL1!   Light Crude Oil Futures
Everyone talks about higher CPI when crude is up, but ignores it when prices drop.
Right now, lower crude oil is actually helping to soften inflation and weaken the dollar.

Keep an eye on the neckline around $70—but it might not be easy to break.

Test Drive Our Services
👉 wavetraders.com/elliott-wave-plans/

Learn Elliott Waves
👉 wavetraders.com/academy/

Newsletter Sign up
👉 bit.ly/3FVPVzO
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.