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.
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