EURUSD and USOIL _ Oil and Water for TVC:USOIL by Coinswop

Lately, I find that: Whenever the 2 charts are overlapped. we see that at a crossing of the bars there is huge movement in oil.

When USOIL is above, crossing the EURUSD downwards, expect a huge shift to continue in the downward direction. The same goes for when the oil price crosses EURUSD. Then expect a upward thrust.

In reality, It relates to the strength(or weakness) of the Dollar.

Comment:

Crude oil futures are trading lower on supply concerns after the Trump administration announced it would consider exemptions from adhering to the sanctions on Iran
Trend Changes to Down on Trade Through $69.93

Trade active:

look for an upside bias to develop if buyers can hold the market above $71.46. Look for the start of a steep sell-off if sellers take out $70.00 with conviction

Trade active:

I closed some positions now, but holding on to a further profit on some smaller chunks.

Great to have something to fall back on when Bitcoin Bleeds. lol

Comment:

WOW CHECK THIS OUT NOW!!!!!!!!!!!!!!!!!!!SHARE SHARE SHARE
cONTRACT rOLLOVER TOO.

i THINK THIS IS A GREAT SETUP!

Perfect entry BUY order!!!!!
EURUSD and USOIL _ Oil and Water

Comment:

CONTRACT ROLLOVER TOO!

OIL, THE GIFT THAT KEEPS GIVING! :)

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