Trading-Capital

Oil about to make a massive move!

Long
TVC:DXY   U.S. Dollar Index
Oil continues to be resilient even in the face of a stronger dollar.

All commodities sold off today except for oil.

relative strength is being observed across energy stocks.

Oil was directly responsible for inflation up ticking this month.

If oil presses higher look for further increases on the inflation headline and core numbers.


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.