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Is U.S. Dollar Collapse, Crude Oil Skyrocket About To Happen?

Published 01/13/2021, 12:22 PM
Updated 07/09/2023, 06:31 AM

U.S. Dollar And Crude Monthly.

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 U.S. dollar 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 U.S. dollar testing support and crude oil near resistance, at the same time.

As these support/resistance tests are in play, few are bullish dollar and few are bearish crude oil.

The results of the price action by the dollar 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.

Latest comments

No, the dollar will not collapse as long as its the worlds reserve currency. Everyone devalued their own currency vs the dollar as its basically free money. Oil will skyrocket but due to a supply crunch in the 2nd half of the year.
Split into 2 .. America for the poor by the poor and of the poor AND the other America for the rich by the rich of the rich. In Dollar we trust
CK- Maybe. Maybe not.
Yes
oil is the past
Okay let’s conpletely stop producing oil and see how that works out
CB-There are better options.AM-I pray you are right.
Oil isnt the past. Believe it or not oil is used for a lot of things. Until something esle is found it will still be black gd
Is the author's point that the dollar and oil go lower or inverse? How will this affect or will copper, zinc, aluminum. do well from infrastructure pkgs under new administration, but silver and gold continue to lag from higher dollar?
Support and resistences are not world of god . They can break out or break down
BS
Interesting!
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