NearDrowning

After Brexit Bullish Oil Trend Not Broken

FX:USOIL   Crude Oil (WTI)
oil
538 5 16
oil
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This structure has some similarities to the one on DXY            
DXY - Dolllar Index - Future 3 Tops Incoming

We will see how it will play out.
creaker
7 months ago
Hi NearDrowning, thanks for the schedule, you expect growth in oil prices,
and at the same time the growth of the dollar index?
Reply
NearDrowning creaker
7 months ago
Fed been really disappointing, I think Dxy will retrace back before moving higher. I'm bullish on dxy, just in the long run. This oil chart is showing a signal of dxy retracement. It might not happen, but I'm in for it.
Reply
Nebula666 PRO
7 months ago
The trend line started in February not April
Reply
NearDrowning Nebula666
7 months ago
After trend continuation market retests current trend on older retracements. That's how I approach it.
Reply
Nebula666 PRO NearDrowning
7 months ago
Interesting approach
Reply
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