The correlation between WTI futures and the US dollar index has increased significantly in recent months, and crude oil has quietly become the main driver of US dollar sentiment again. With oil prices plummeting and Fed officials hinting at a possible rate cut in July, the US dollar may have the conditions to weaken further. As the US dollar index encounters resistance at key technical levels and momentum turns bearish, traders should pay attention to the energy market on the one hand and personal consumption expenditure (PCE) data and Fed comments this week on the other hand for trading guidance. Crude oil remains in a low range today. Combined with the daily level of the big negative line, oil prices are still in a bearish trend. Today's focus is on whether oil prices can continue to break new lows.
Overall, I think crude oil is in a bearish trend channel, with attention to the 66.9-67.9 resistance on the top and the 64.2-63.2 support on the bottom.
Crude oil plan: sell at a rebound of 66.9-67.5, and the target is 64.0-63.0!
Overall, I think crude oil is in a bearish trend channel, with attention to the 66.9-67.9 resistance on the top and the 64.2-63.2 support on the bottom.
Crude oil plan: sell at a rebound of 66.9-67.5, and the target is 64.0-63.0!
Trade active
The rise of Bitcoin and the fall of gold and crude oil were all within my predictions.I have told every friend in advance that my predictions are almost 100% accurate today.
Congratulations to all the traders who have made a profit.
𝐖𝐞𝐥𝐜𝐨𝐦𝐞 𝐓𝐨 𝐉𝐨𝐢𝐧 𝐆𝐨𝐥𝐝 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐂𝐥𝐮𝐛
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✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟗𝟎%-𝟗𝟓% 🔥
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t.me/+k9acVOilVBM2MDI0
✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟗𝟎%-𝟗𝟓% 🔥
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𝐖𝐞𝐥𝐜𝐨𝐦𝐞 𝐓𝐨 𝐉𝐨𝐢𝐧 𝐆𝐨𝐥𝐝 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐂𝐥𝐮𝐛
t.me/+k9acVOilVBM2MDI0
✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟗𝟎%-𝟗𝟓% 🔥
t.me/+k9acVOilVBM2MDI0
t.me/+k9acVOilVBM2MDI0
✅𝐃𝐚𝐢𝐥𝐲 𝟐-𝟒 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐒𝐢𝐠𝐧𝐚𝐥𝐬🔥
✅𝐇𝐢𝐠𝐡 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 𝟗𝟓% 🔥
✅𝐖𝐞𝐞𝐤𝐥𝐲 𝐲𝐢𝐞𝐥𝐝 𝟗𝟎%-𝟗𝟓% 🔥
t.me/+k9acVOilVBM2MDI0
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.