Still watching OIL for a move in the Dollar?
Metals are ready to pop/explode but will an upward bump in the Dollar provide an entry? Not sure if it will or the Dollar may continue to throw up and head down to $96. $96 is a support zone for the Dollar and the level it exploded from when Russia invaded Ukraine leading to a premium for US Oil. The Dollar and Oil link is important to watch. Lets see how big of a ruckus an increase in USO will cause.
Kommentar:
Oil looks weak. Per the idea if OIL sells off except weakness in DXY too
Oil looks weak. Per the idea if OIL sells off except weakness in DXY too
Dollar needs to hold $102 support
If these supports break back into the metal trade!!!