The almighty petrodollar

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The almighty petrodollarU.S. Dollar Currency IndexTVC:DXYmoneycobra3M chart with 12months pivots. Approaching support at the trend-line/ first red pivot. white pivot has been the big resistance this year. If we can hold now there are triggers out there to make a final push and break the white pivot for a push to the upper channel before the longterm down move starts. This also fits with the charts for PMs that could still have more to the downside.