Dollar about to EXPLODE. Short Oil
In this video I dive into why the USD (US Dollar) is going to shoot much higher than anyone thinks, and why Oil is going to crash in the coming months.
USD refused to break down and has now reversed course, climbing back higher, through key levels of resistance. I think we are going to see a lot of funds flowing back into the USA because it is the only country with rising interest rates and the cash out there is looking for yield.
If the dollar goes higher, than that means oil, all things being equal, is going to decrease in price.
So my play is short oil and long the dollar!
USD refused to break down and has now reversed course, climbing back higher, through key levels of resistance. I think we are going to see a lot of funds flowing back into the USA because it is the only country with rising interest rates and the cash out there is looking for yield.
If the dollar goes higher, than that means oil, all things being equal, is going to decrease in price.
So my play is short oil and long the dollar!
Support me with these referral links:
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591
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.