Commodities Update and the Dollar Index
Attached is the updated major commodities charts, Gold (GC), Copper (HG), West Texas Intermediate Crude (CL) and the Dollar Index (DX).
Gold has made an early Stage 2A breakout this week, after only a very brief time in Stage 1. I emphasize the "early" as the Stage 1 base hasn't had time to develop, as it's traded straight through and so it hasn't had time to work off the Stage 4 declines resistance yet, and so could have some headwinds before a clearer chance at a Stage 2 advance.
Relative performance has been improving strongly since January, but it is still below a declining zero line currently, although if it continues to improve at the same rate then it will move above it in the coming weeks. Attached is the charts.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.