Pta
Waiting for more News to decide the strenght.Uptrend still intact.
WTI recovered back to Pre-Covid price level when it started to fall since Jan 2020.
To break above the resistance level, we need a strong reason. For now, it should be:
1) Reopen of Economy (Require more oil consumption)
2) Biden takes first military action with Syria strike on Iran-backed militias
Light start to shine. Looking to long
Anti-trend trade.
With the hype of silver, copper and gold, Looking bullish to me.
Risky trade - EV TruckUsing Nikola as an example, people may divert their attention to EV Truck now with the hype of EV.
FOMO traders may flock back into Nikola.
However, Im into similar company. (Shared with closed group only)
High risk to long, if you are willing to take the risk, reward come later
Good support area. Looking to longPrinting $$ will weaken the currency. But not to forget that New president Joe Biden with his infrastructure plan, will help to boost US economy.
With the demand of US dollar, will DXY continue to trend downward and break $88? We shall see the strength in the chart.