11/9 rave reviews falling [crude oil futures]
Crude oil is falling sharply. Since inflationary pressure will ease, this is positive for the stock market.
I've been burnt quite a bit... tears
Anyway, why is it falling? In the news, it is said that China's economy is deteriorating or that there are plenty of crude oil stocks in the US, etc., but it is questionable whether it will drop this far for that reason alone. It has recently dropped from over $90 per barrel, which was sold late last month to $75. As expected, isn't it too low? There are more reasons why it goes up.
So, I think it will rise soon. there's no basis lol
Let's look at the chart.
It's a 15 minute run, and double bottoms are appearing. Is it like if we break through this resistance line, the place to buy will arrive? Beware of deception, of course.
There's no reason for it to go down though...
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