U.S. Dollar - Under selling Pressure
I just wanted to make a quick comment about the U.S. Dollar. You'll notice in the above chart that the greenback is attempting to break free of its 1 month consolidation. If the selling continues, this may provide support for some commodities such as gold and oil.
Posts
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_4.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-euro-small.gif)
2 comments:
Some great posts , much appreciated . Seems to me the market is being led by oil . Any thoughts on oil as we move forward ?
I don't think oil is leading the stock market. I'm looking to buy oil but as of now I don't have any buy signals. I'd like to see USO consolidate a little bit more and then break out of the consolidation. Right now I'm on the sidelines and patiently watching.
Post a Comment