Crude Oil: The Battle Between Oil Prices and Inflation
Crude oil is also worth studying recently.
We went short near 103. The second take-profit level is 86.85. The price has been fluctuating around our second take-profit level, trying to choose a direction.
A report on November 11 showed Brent crude near $92 and WTI near $86.
Many people treat oil prices as just another trading instrument.
But they affect transportation costs, inflation expectations, and even the Federal Reserve’s policy flexibility.
If oil prices rise because of supply risks while economic growth does not improve, that is not simply a positive sign.
I analyze markets across asset classes, and I like to look at crude oil, U.S. Treasuries, gold, U.S. stocks, and BTC together.
That’s because many market moves are driven by the same macroeconomic logic.
Crude oil is also worth studying recently.
We went short near 103. The second take-profit level is 86.85. The price has been fluctuating around our second take-profit level, trying to choose a direction.
A report on November 11 showed Brent crude near $92 and WTI near $86.
Many people treat oil prices as just another trading instrument.
But they affect transportation costs, inflation expectations, and even the Federal Reserve’s policy flexibility.
If oil prices rise because of supply risks while economic growth does not improve, that is not simply a positive sign.
I analyze markets across asset classes, and I like to look at crude oil, U.S. Treasuries, gold, U.S. stocks, and BTC together.
That’s because many market moves are driven by the same macroeconomic logic.