Looking forward to seeing the Fed hikes rates and after last week's Crude inventories Report was not good.
Path is similar to a Wyckoff accumulation schematic taking place. We will be seeing crude to out liquidity up to the 108 price then resume with a possible long term down trend reversal
God's speed and best of luck to all traders!
1930-1933 is your TP. We are approaching the final stages of the Distribution phase on gold before the Markdown phase begins. DXY is looking to go higher in price in the coming weeks due economic uncertainties that china still has in their own real estate market.
As crude prices passed its 2014 highs, we are not done seeing the oil market go higher as holidays come in people are expect to travel more for the holidays increasing demand causes to price to increase.
With a stronger dollar surging into the markets, expect anything against the dollar to retrace for a pullback. I am overall bearish on DXY. but for the meantime expect institutions to buy into TLT expecially after this month's Fed decision on Rates.