DXY Nearing Our Profit Target!! 🤑📈

27 Nis 2022

Oil has strengthened despite weaker commodities and a stronger dollar. We found support at 95.24, the exact level we identified here in these reports, which provided a good pivot point and springboard to higher levels. We were able to break through 100 and 101, which provided some resistance. Though we are currently above 101, momentum seems to have petered out for now. We are currently hovering just above this level at 101, in the vacuum zone between this and 106. The Kovach OBV is wavering so we don't quite have the confidence that the bull run will continue for now, but if it does, 106 is a target. If the low 100's fail to provide support then we should see it again from 95.24.