You Have To Watch The US Dollar Chart Right Now…

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Presentation Description

A US Dollar Chart is the most important thing commodity investors should be watching right now. Editor Justin Bennett explains why.

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Presentation Transcript

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Commodity Trading Research You Have To Watch The US Dollar Chart Right Now…

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Welcome to Commodity Trading Research Your premier site for fundamental and tech nical analysis for profitable Commodity Trading . For more info on Commodity Trading Research visit our website www.CommodityTradingResearch.com

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Get Your Free Report On The 3 BEST Commodity Stocks for 2016! We’ll tell you about this Special Offer at the end of the video!

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Hi, My name is Justin and I‘m with Commodity Trading Research , today were reviewing our recently published article…

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You Have To Watch The US Dollar Chart Right Now…

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Without question, deciphering the stock market’s next move has become a bit more challenging the past few months. A continuation of the multi-year equity market rally has been thrown into doubt

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now that indices are sharply off the all-time highs set a few months ago . Of course, much of the recent pullback in stocks has been due to fear of rising interest rates…

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But with the US Federal Reserve’s rate guidancegettingmurkier by the day, investors simply have no idea if a raise is coming soon or not.

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Trouble is, the US Dollar has risen dramatically the past year and a half on the premise the Fed would eventually send rates to higher ground. Take a look…

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As you can see, the US Dollar index rose sharply from mid-2014 to early 2015. But also notice that since April of this year the world’s reserve currency has traded in a rather choppy, sideways fashion.

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And that’s what’sreally catching my eye…

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Notice the compelling technical pattern developing in the US Dollar index. The green resistance trend line is declining towards the red support line at $94. Most technical analysts will agree this is a bullish continuation pattern.

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If the Dollar were to break above the green resistance line, it would likely continue the uptrend from the 2014 breakout (purple line). Here’s the deal…

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The rally scenario I just described will likely only happen if the Fed follows through on their plan to raise rates. But since global growth is currently showing signs of significant weakness, the odds

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are growing quickly that the Fed will delay liftoff by a few months- and possibly longer. That means the Dollar’s continuation pattern above may morph into a topping pattern .

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In other words, a break below the red line and the greenback could come quickly crashing back to earth.

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If the dollar suffers a big downturn, it will have a huge impact on precious metals and other commodities…

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Gold has already jumped $60 an ounce in October as investors pile into the rate sensitive asset on hopes of delayed Fed action. Silver, platinum, and palladium are seeing similar price revivals.

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And don’t count out an end of year oil price rally if the dollar careens lower.   Bottom line…

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The US Dollar is getting close to a big move. And the direction it takes over the next six months will have a big impact on commodities.

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In my mind, the US Dollar chart above is the most important thing commodity investors should watch in coming weeks!

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