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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