In-line with my bullish bias on oil (oilprice.com/Energy/Energy-General/The-Permian-Boom-Is-On-Its-Last-Leg.html & wsj.com/articles/opec-reaches-consensus-on-oil-output-cut-pact-11561992296) and bearish bias on USD (bearish outlook for DXY based on its month of August to September seasonality + this dude and I are on the same page seeitmarket.com/us-dollar-index-calm-before-the-storm/). Need to be cautious still of any sudden volatility after summer especially regarding US-China trade "talks".
Weekly:
Monthly:
DXY:
Oil:
Weekly:
Monthly:
DXY:
Oil:
Trade closed manually
Same logic as AUDUSD, taking advantage of a few gains now before DXY possibly goes up to 100 next week.
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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.