WTI holds breakout test [Video]

Dale J Pinkert Independent Analyst

Trading highlights WTI holding its breakout test, with the coach comparing the current technical action in crude oil to what unfolded in wheat last week. He also emphasizes the importance of the DXY 98 level as a key inflection point. Additionally, the coach outlines his narrative around a potential third drive to a top in AUD/USD, which could trigger renewed long dollar positions. He concludes by noting that gold is moving toward the $5,400 level, where a possible failing rally may develop.

Author

Dale J Pinkert

Independent Analyst

Former Member of the Chicago Mercantile Exchange (IOM Division), Dale's market forecasts have been aired on Financial Television and Radio station including CNBC.

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