USD refused to break down and has now reversed course, climbing back higher, through key levels of resistance. I think we are going to see a lot of funds flowing back into the USA because it is the only country with rising interest rates and the cash out there is looking for yield.
If the dollar goes higher, than that means oil , all things being equal, is going to decrease in price.
So my play is short oil and long the dollar!
Sign up to TradingView charts:
Sign up for TastyWorks - The Broker of the Future: