Ran the chart below yesterday morning since the “Power of the Pattern” was strongly suggesting a rally was due in the U.S. Dollar! (See post here)
CLICK ON CHART TO ENLARGE
One day a trend DOES NOT MAKE…. yet todays action in Crude Oil, Gold, Silver, Copper, Cotton, Sugar and other commodities reflects how important it is for all of us to get the currency patterns correctly…..even if you don’t trade them!
The Dollar was very near levels that it is today, back in 2008….Anyone remember what happened to the majority of assets back in 2008 when the Dollar took off?