US Oil Now Clears the Trendline That Capped It All War
Global yields are lower, but do not ignore the oil chart. It's breaking out and is making significant progress to the upside.
I say it's problematic. Yields are lower today, but if oil stays sticky above this resistance at 84 and hovers in the mid-90s, inflation fears come right back into the picture.
We are seeing broader dollar weakness today, most likely due to the JPY intervention. But do not forget this chart. It is very influential. And when the dust settles in the Japanese yen, because it eventually will given the carry-trade dynamics, what happens to the dollar then?
For the record, I'm bearish the Dollar. I'd like to see Oil calm down, and I think it may. But, if you see it sustain the mid 90's, then it clouds my view.
read the full article here.
— Alan
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1September 3, 2026 2.1K 6