$DXY oil vs the dollar ðâðĻ
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
If CPI tomorrow reports elevated inflation, we suspect that $DXY will fall down to its next support. When the dollar weakens it should send oil prices even higher.
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
If CPI tomorrow reports elevated inflation, we suspect that $DXY will fall down to its next support. When the dollar weakens it should send oil prices even higher.
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
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We suspect that more money needs to be poured into US oil production through partnerships with fossil fuel companies for this scenario to play out in the future.
