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 reversed it's potential Stage 2A breakout from last week quite strongly and fell back below the breakout level and closed near the previous weeks low, and so it looks like it needs more basing time in Stage 1. The swing high from last week now becomes the new Stage 2A breakout level to watch for a close above imo.
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.