Powell send bad signals to the stock markets but the energy sector is happy
Oil is on the move to higher prices since months but now we are at very important zones in the charts.
If we break the 66 - 75$ area, then we break the downtrend on the big chart. The time of cheap energy is done it looks like.
In general the transport industry will have more costs and they will give the higher prices to the consumer. Next to the higher prices for debts, it could be very expensive for many people who need a car.
Higher prices also means more dirty fracking industry in the USA. Maybe the high price of fossil enery push the alternative energy but then we need much higher prices.
Source: (Guidants/Godmode Trader) & JFD Broker & Binance
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