[LISTEN🔊] Crude Oil Crashed; Will The 10 Year Fall In Result?
[LISTEN🔊] Crude Oil Crashed; Will The 10 Year Fall In Result?
âš Is it time to get long?
Hey Traders and VIP Members (exclusive traders & readers),
Tonight's briefing will be concise, offering a quick overview of market breadth and my observations and thoughts.
The primary takeaway from tonight's discussion is that, when examining weekly charts, the overall momentum appears quite bearish. However, as the week draws to a close, there may be opportunities to focus on specific trade setups.
One significant development is the substantial decline in Crude Oil prices today, nearly a 7% drop for the week. This drop could cool down some concerns about high oil prices contributing to inflation issues and triggering more aggressive rate hikes. This crash in Oil prices, may help stabilize the 10-year US Treasury yields.
Additionally, we'll dive into the US Dollar, which recently reached a resistance level around $107 and has retraced significantly.
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