From our previous post, Crude Oil has gone up In price at a staggering $92.88/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 Breached
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