OIL & INFLATION peaked, expect bearish Dollar long term
Weekly chart, pointing out Oil's peaks since 2000. Oil is displayed in black, Inflation in red and the U.S. Dollar in green. Excluding the one this year, Oil has had another three major market peaks, during all of which inflation followed suit and fell along. The USD tends to lag in these instances but after a multi month period of volatility, it also falls significantly.
In our opinion this is the start of a long term ranged trade on the DXY where investors can buy low on the support that will be soon formed and sell the rebounds near the yearly resistance.
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In our opinion this is the start of a long term ranged trade on the DXY where investors can buy low on the support that will be soon formed and sell the rebounds near the yearly resistance.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
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Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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