Judgement time for WTI Oil according to the DXY.

22 Jan 2021

Simple chart comparison on a +12 year time span. Oil on a Channel Down, DXY on a Channel Up. Every time DXY kept its Support (green zones), Oil failed to make a Higher High and break its Lower Highs trend-line.

Oil hasn't made a Higher High since July 2008 and the Sub-prime mortgage crisis. Is it time to do so, if DXY breaks its Support this time? Thoughts???



Most recent WTI idea:

Most recent DXY idea:

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