The US Dollar is currently in what I presume is a counter-trend rally. We look at the chart and sentiment and measure when and where this rally may end. Many commodity indices hit resistance and will correct alongside the rebound in the dollar.
Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.