HomeInvestingBondsCrude Oil (/CL) Key Level is 65 / U.S. Dollar (/DX) Key Level is 93
Crude Oil (/CL) Key Level is 65 / U.S. Dollar (/DX) Key Level is 93

I think we are basically trading between 65 and 75 in crude oil (/CL), says Carly Garner of Decarley Trading. She thinks the China story is a big deal, and the equity markets in U.S. are ignoring it. She says China has a habit of manipulating their estimates of how much they need and how much they have, in an attempt to get favorable prices. Carly is looking at the Dollar (/DX) at 93. If it stays below 93, she thinks that is probably supportive of copper (/HG), crude oil, stock indices. If it starts breaking above 93, people will pay attention and that could be a game changer, she adds. She points out that gold (/GC) is seasonal.

Futures

03 Aug 2021

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