Finally some bullish news.



Oil crashed -38% and hit a 3.5-month low of $74. It’s now $7 away from hitting $67, the level it was at before the US-Iran war started.

Low oil prices mean

- lower prices of goods
- lower inflation
- more chances of rate cuts
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 11
  • 1
  • Share
Comment
Add a comment
Add a comment
QuantsAndCats
· 1h ago
$67 is the critical point; breaking it opens up a different story
View OriginalReply0
Stop-LossAtTheEdgeOfTheLava
· 2h ago
Don't chase highs while interest rate cut expectations are being priced in.
View OriginalReply0
VineGeometry
· 3h ago
Wait for a 67 confirmation, then consider adding to the position.
View OriginalReply0
MetalFrameBookPageCross
· 3h ago
Crude oil collapsed, can the US stock market move independently?
View OriginalReply0
GasfeeComplainer
· 3h ago
Deflation signals? Don't celebrate too early
View OriginalReply0
FrontrunFail
· 3h ago
From 74 to 67, drop another 9% to reach the target, stay alert.
View OriginalReply0
GateUser-fb035825
· 3h ago
With oil prices falling like this, does the Fed still have a reason to be hawkish?
View OriginalReply0
ShatteredGlaze
· 3h ago
Energy prices have decreased, significantly reducing manufacturing cost pressures.
View OriginalReply0
ViewingNarrativesFromAHotAir
· 3h ago
Finally, some good news has arrived; the market has been holding in for too long.
View OriginalReply0
DancingOnTheEdgeOfLiquidation
· 3h ago
Low oil prices = low inflation = interest rate cuts, I’m familiar with this logical chain.
View OriginalReply0
View More
  • Pinned