DXY USDollar Monthly Continuous
The bigger picture look at the US Dollar shows the potential for much higher, or lower from where the multi year latteral chop between 90.00 and 100.00 has been trading.
A breakout above 103, would have the US Dollar searching for the 88% target at 115.00.
Cloud support at 96.00 Area
A breakout above 103, would have the US Dollar searching for the 88% target at 115.00.
Cloud support at 96.00 Area
Kommentera:
The US dollar does not work for the Ag Commodities. But the job of the marketplace as a whole right now is to ration future demand of commodities. High prices cure high prices. But in this environment what is high prices for commodities. Help may come from other markets, and I am watching the US Dollar to add to the small snowball for turning the Commodity's Bull market. It’s not there yet but should the US Dollar make a run up as it did in 2000, we could start to see the commodity bull slow down…. **Again this will be a process not to happen overnight**
Kommentera:
Not sure 115.00 will contain this yet. Next stop in the 120 area
