Courtesy of Chris Kimble
Is the U.S. Dollar about to collapse? Are Crude Oil prices about to skyrocket?
Well if these price movements are to take place, 12-year trends have to change!
Since 2008, the US$ has created a series of higher lows and higher highs inside of rising channel (1). At the same time, Crude Oil has created a series of lower highs and lower lows inside of falling channel (2).
Counter-trend rallies by each have the US$ testing support and Crude Oil near resistance, at the same time.
As these support/resistance tests are in play, few are bullish King$ and few are bearish Crude Oil.
The results of the price action by the US$ at support and Crude as resistance in my humble opinion is a VERY BIG deal friends!
What happens here should have a large impact on what assets you should be over and underweight for potentially years to come!
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