Is the TVC:DXY headed for 4th quarter 2024 levels? The TVC:DXY continues its downward spiral in spectacular fashion as tariff talk and continued global war footing dominate.
An elevated VIX along with a declining DXY signals a choppy market and a great deal of uncertainty.
Analysts are saying the following about WTI crude NYMEX:MCL1! , "Additionally after the overnight sell-off and the Saudi news, there is likely to be some buying from traders covering shorts ahead of a strong band of support in the $70/68 region". Fib retracements seem to support this analysis.