Dollar bears think time is running out for the recent strength. This is how to trade it if it does.
The 200 week EMA above will surely be a barrier if it even gets there. The signal worth waiting for is a clean trend break where the likelihood revisiting the lows increases.
Oil is a great way to play this. Eventually, price should find it's way to 90ish regardless and if the dollar plummets, especially to fresh lows, $90+ is a near certainty.
Silver has certainly been a pain lately, however, it offers titanic rewards if you steer clear of danger. If the dollar sinks we can be sure silver will be a memorable trade.
If the dollar bears are wrong, the titanic will be the 2nd biggest tragedy to Oil and Metal bulls.
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Has it begun?
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Long oil futures
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Silver is not ready yet. MACD divergence setting up soon if silver can make a fresh low then a swift recovery could follow.
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Oil is on track breaking new local highs and should be a quick run up to the first resistance level around $90 as the energy crisis narrative spills into public channels
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DXY made it to the 200 EMA and now should see some pressure to roll over. This is the last confirmation of this analysis so if it starts to form a rounding top the other plays on silver should be good to go.