Dollar Price Outlook: USD Recovery Eyes Initial Hurdles– DXY Levels

USD is poised for a second consecutive weekly advance with the rally now targeting initial resistance. Here are the levels that matter on the DXY weekly technical chart.

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Oil – US Crude IG Client Sentiment: Our data shows traders are now net-short Oil – US Crude for the first time since May 18, 2020 when Oil – US Crude traded near 3,041.80.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil – US Crude-bullish contrarian trading bias.

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Oil – US Crude IG Client Sentiment: Our data shows traders are now net-short Oil – US Crude for the first time since May 18, 2020 when Oil – US Crude traded near 3,041.80.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Oil – US Crude-bullish contrarian trading bias.

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/2NiR1c9
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Gold Price Forecast: Reversal from May Low Brings June High on Radar

The technical outlook for gold brings the monthly high ($1746) on the radar as the pullback from the yearly high ($1765) reverses ahead of the May low ($1670).

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/2NcSSzo
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Gold Price Forecast: Reversal from May Low Brings June High on Radar

The technical outlook for gold brings the monthly high ($1746) on the radar as the pullback from the yearly high ($1765) reverses ahead of the May low ($1670).

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/2NcSSzo
via IFTTT