💥Brent crude oil after breaking the 50-day moving average with a -purple-colored line- then sharply pulled back. It’s back above the 50-day moving average again. From this perspective, the $83 level is very critical. If it breaks down below here, it will slide again into the $70 range.

In this case, it will support the markets.
However, holding above the 50-day moving average again would accelerate the rebound. In this case, that would be bad for the markets.
I don’t expect oil to rise further. Even if it goes back to the $90 range, it will come back down again.
High oil prices mean inflation for America, and it means Trump losing the November election.
#petrol #oil #ekonomi #yarrım