As you can see from the chart we are engaged in a repeat pattern of Feb/March. The oil prices have been manipulated through the oil "price war" which has weakened the petrodollar and brought a bout a global dollar rush. After the OPEC meeting today the dollar index will either repeat the same pattern as last time or it will break out again to potentially new highs.
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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.