The market is looking at oil today mainly through the lens of geopolitics. But sooner or later, investors will start looking at the macro again.High oil prices mean more than just higher prices at the pump. It means greater inflationary pressure, more expensive transport, higher costs for companies, and lower consumer purchasing power.
And when energy remains expensive for too long, the economy usually starts to slow down... That's why it's worth looking beyond today's candles.
In the market, the biggest moves often begin when emotions give way to economics. ➣𝕏
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