Oil Prices Fall After Fed Raises Rates

[Mark Sloan + 9]

The U.S. Federal Reserve hiked interest rates by 75 basis points on Wednesday. The rate hike is the third straight hike for the Fed, and rates are now the highest they’ve been since 2008.  Crude prices reacted negatively to the news with Brent crude falling back toward $90 per barrel.

https://oilprice.com/Energy/Crude-Oil/Oil-Prices-Fall-After-Fed-Raises-Rates.html 

[Tom Nolan + 2,443]

9 hours ago, Mark Sloan said:

The U.S. Federal Reserve hiked interest rates by 75 basis points on Wednesday. The rate hike is the third straight hike for the Fed, and rates are now the highest they’ve been since 2008.  Crude prices reacted negatively to the news with Brent crude falling back toward $90 per barrel.

https://oilprice.com/Energy/Crude-Oil/Oil-Prices-Fall-After-Fed-Raises-Rates.html 

I bought the dip on Wednesday with the ETF UCO.  Currently I have been short on stocks.  Wednesday we saw the DXY at pretty high levels.  https://tradingeconomics.com/united-states/currency

[Tom Nolan + 2,443]

On Friday (23rd) the DXY went pretty high (112.74 range).  Gold and Oil responded as it climbed.

https://tradingeconomics.com/united-states/currency

Edited September 23, 2022 by Tom Nolan

[notsonice + 1,255]

On 9/22/2022 at 5:38 AM, Tom Nolan said:

I bought the dip on Wednesday with the ETF UCO.  Currently I have been short on stocks.  Wednesday we saw the DXY at pretty high levels.  https://tradingeconomics.com/united-states/currency

I bought the dip on Wednesday with the ETF UCO.?????

Great....so how much did you lose???? 10 percent in one day.......... 

 

why would anyone buy into a fund that is doomed until the FED stops raising rates....unless you thought the FED is done??????

The FED is not done and you tried to catch the falling knife......

I have a bridge to sell you

Edited September 24, 2022 by notsonice

[Tom Nolan + 2,443]

6 hours ago, notsonice said:

I bought the dip on Wednesday with the ETF UCO.?????

Great....so how much did you lose???? 10 percent in one day..........

I made a gain of over 10% average on UCO and the stocks I was shorting when I sold my positions Thursday.