Click "Like" to Receive First Hand Updates From The Analysis Site / Click "SHARE" to share
Sunday, 17 January 2016
USD Index and Implications for All Commodities: 17 January 2016, Sunday, 10.15pm Singapore Time
USD Index and Implications for All Commodities:
17 January 2016, Sunday, 10.15pm Singapore Time
The USD index has completed its technical upwave at 100.50 as illustrated above.
All commodities are going to have major rebound (Oil, Gold , Silver, Metals, Energies, Agricultural commodities etc)
Market is going to punish majority traders and investors who bought late the USD on rate hike by doing a significant yet healthy correction in the USD. This will allow for broad commodities to have a dead cat rebound much like a compressed metal spring being released to have some breathe of air.
I will be taking all Crude Oil Shorts Profits come tomorrow, Monday, 18th January 2016.
Click "Share" on the Facebook icon at the bottom of this thread if you like it, or
if you would like to start a discussion about it with friends on your Facebook Wall.