Dollar stronger. Target below 1.1. Selling on rise
Copper has not much resistance above since yesterday. Some reversal expected. Probably due new Vaccines volatility and Oil testing 20.
If month holds above 100. This will be the new paradigm of markets. All against dollar current prices for any currency commodity index might hold same relationship. We might see big bears against US Dollar, specially if they develop the Covid19 Vaccine.
Expext another drop to 24. Hopefully reversal from there. Entry near 27.6 if hits. Sell on rise target 24. Hopefully good news otherwise big recession might be happening. Just check where we are at copper.
Bearish continuation sell up to 2.336 target 2.25 then 2.236 then 2.217. Hopefully some good news arrive at that price levels or we might keep breaking supports.
#SXY testing long therm reversal fibs. Start buy on dip or breackup of 0.94 target 0.98 400 pips. Stops 0.92.
Another view. Sell below 1.2475 target 1.1278 SL 1.323
Sell on rise target 2.3097. Might bounce up from 2.354 and second sell might happen near 2.426. All sells tp 2.3095. A month support awaiting there.
Im fixing my expectation of earlyer. We might see another dip today. Green arrow is my today view. Targetkng 2.308
Copper heading support test oil and dow. Once hit we can reverse all. Oil target 27 today