With an article like this: Why Russia and Vladimir Putin are waging an oil war with America by CNN written today March 10, 2020
I wanted to see what was really going on in Oil. No real words for you, just wanted you to see the trend developing, or that has been developing over the last 20 years. Is it really the Russians? or is it that a trend has been forming over the last 2 decades and that oil as hit resistance again causing the rejection that just happened a couple of days ago. is it really Russia? or is the Value of the Dollar? or is it the longer term downward trend? Could be all of the above.
Thoughts?
Here is the DXY to compare it to
DXY
I wanted to see what was really going on in Oil. No real words for you, just wanted you to see the trend developing, or that has been developing over the last 20 years. Is it really the Russians? or is it that a trend has been forming over the last 2 decades and that oil as hit resistance again causing the rejection that just happened a couple of days ago. is it really Russia? or is the Value of the Dollar? or is it the longer term downward trend? Could be all of the above.
Thoughts?
Here is the DXY to compare it to
DXY