The rise in oil prices on Monday will not only push up household daily expenses such as fuel and heating costs, but also increase corporate operating costs, which may in turn suppress consumption and investment activities. Ellen Zentner, Chief Economic Strategist at Morgan Stanley, pointed out in a Sunday analysis that against the backdrop of the Trump administration's high tariff policies, the U.S. economy was already facing pressure from a slowdown in growth, and the further increase in oil prices would exert "powerful pressure" on household consumption capacity. This may not only weaken consumers' willingness to purchase, but also drag down the pace of overall economic growth.
Crude oil showed a gap-up and then decline trend today, falling sharply from around $77.7. Oil prices gradually corrected today, with the lowest point touching around $72.5 and hovering there. Currently, oil prices are hovering above the support level of 72.0, which is expected to be the bottom support of the box movement. Taken together, crude oil is in a high-range consolidation. In terms of operation, it is considered to lay out long positions on pullbacks.
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Crude oil showed a gap-up and then decline trend today, falling sharply from around $77.7. Oil prices gradually corrected today, with the lowest point touching around $72.5 and hovering there. Currently, oil prices are hovering above the support level of 72.0, which is expected to be the bottom support of the box movement. Taken together, crude oil is in a high-range consolidation. In terms of operation, it is considered to lay out long positions on pullbacks.
you are currently struggling with losses，or are unsure which of the numerous trading strategies to follow,You have the option to join our VIP program. I will assist you and provide you with accurate trading signals, enabling you to navigate the financial markets with greater confidence and potentially achieve optimal trading results.
Trading Strategy:
buy@72.0-72.5
TP:75.0-75.5
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"The Golden Key to Financial Freedom"
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Join me, I'll guide you to PROFITABLE TRADING💵!
t.me/+jqmDDXFtAyNhMjZk
t.me/+jqmDDXFtAyNhMjZk
Join me, I'll guide you to PROFITABLE TRADING💵!
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Disclaimer
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