- Horrible horrible trading day yesterday with both core and hedge all wrong.
- The USDX is back near to critical level of 74.17. Whether recent trends continue (ie USD down, commodities up) or bigger reversal occurs will be indicated by reaction from here.
- Monthly and weekly charts still indicate downtrend.
- Daily chart strong reversal. Remains to be seen if this can cascade up to change the outlook for the higher time frames.
No comments:
Post a Comment