Rising crude oil prices are generally negative for equities because higher energy costs increase operational expenses for companies across multiple sectors, reduce consumer spending power, and can lead to inflationary pressures that may prompt central banks to raise interest rates, all of which negatively impact stock market performance.
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Why Rising Crude Oil Is Bad For EquitiesAjouté :
Crude oil keeps moving higher, not good.
Not good for equities at all.
All right, so we at 104 on crude oil. Um, the big resistance is about 108, 109. Okay? Um, so that's a problem.
That's a problem for equities.
All right, weekly time frame on crude, we breaking through again a big resistance here.
All right, a big resistance here.
All right.
Our monthly time frame, same thing here, guys. We're breaking through here.
All right, we're definitely breaking through.
Okay.
Uh, this has this moved.
Okay, so 104 Uh, next big resistance on crude is about 120, 122. Okay, right about here.
All right, now
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