Here is a strong reason why oil, gold, copper, sugar, and any other currency and asset denominated in US Dollars will likely continue having such a hard time. When this peaks and reverses, be liquid enough for futures contracts in commodities. It will be a fun time. For now, global deflation or disinflation is the direction.
Note
93/92 might be the bottom - keep an eye.Note
96/97 is the bottom/turning point for bullish resumption.Trade active
Several longs between 96.50 - 97.20
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.