From our previous post, Crude Oil has gone up In price at a staggering 992.88/PER barrel. As of now, I am not In favor of any long position trades whatsoever
The U.S dollar would have to follow the sideways channel (Blue dotted lines) I had laid out In my previous post on DXY, thus going even higher which would then ultimately bring the price of Crude Oil to a lower price.
-Levels Of Significance: $85.98
$87.35
$87.50
$88.04
$88.89
$90.30
$92.62
$95.25
$97.01
The Highest I see Crude Oil reaching before moving to the downside would be $97.01, as well as $95.25, well see tho.
The U.S dollar would have to follow the sideways channel (Blue dotted lines) I had laid out In my previous post on DXY, thus going even higher which would then ultimately bring the price of Crude Oil to a lower price.
-Levels Of Significance: $85.98
$87.35
$87.50
$88.04
$88.89
$90.30
$92.62
$95.25
$97.01
The Highest I see Crude Oil reaching before moving to the downside would be $97.01, as well as $95.25, well see tho.
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$95.25 BreachedNote
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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.