This is deflationary
Crude CMP $65.80
These inverted V shaped falls are just the first leg of the fall. In Elliott they are wave A. The rally was very small indicating weakness, which is wave B. Below $63.80 we will see minimum $47. This is very deflationary. In my view the Fed will start to reduce interest rates very soon.
These inverted V shaped falls are just the first leg of the fall. In Elliott they are wave A. The rally was very small indicating weakness, which is wave B. Below $63.80 we will see minimum $47. This is very deflationary. In my view the Fed will start to reduce interest rates very soon.
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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.