USOIL is inversely correlated to DXY.
It means: in long-term prices of commodities such as XAUUSD, XAGUSD and USOIL (RED ARROW) will go up as DXY will continue going south.
DXY - Elliott waves
It means: in long-term prices of commodities such as XAUUSD, XAGUSD and USOIL (RED ARROW) will go up as DXY will continue going south.
DXY - Elliott waves
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.