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Over the past 18 months, the Euro, CRB, FCX and Crude Oil have created a series of lower highs, at falling resistance lines. So far it has paid to reduce long exposure in the key commodities when they hit their respective falling resistance lines.
The Euro looks to have created another lower high at falling resistance and its 38% Fib retracement level of late at (1) in the above 4-pack.
This line has caused Commodities to fall in price over the past 18-months….will it be different this time?