US Dollar Breakout Could Cool Off Commodities Prices
Rising commodities prices have been all over the news for several months. The rally has been broad-based and persistent. So what could possibly derail the commodities rally? U.S. Dollar strength. King Dollar has not been so king-like over the past several months… but...
Is Freeport McMoRan’s (FCX) Stock Decline Pointing To Economic Cool-Down?
The Federal Reserve is meeting this week and the talk of the town is inflation. Will they raise interest rates to combat rising prices? One of the focuses of rising prices is commodities? Soft commodities, hard commodities, energy, food, you name it has been up over...
Bitcoin Head and Shoulders Top? Watch This Support Level!
Last November, we highlighted a cup and handle bullish pattern on Bitcoin that served as a base for a big rally. All together, Bitcoin rallied from roughly $4,000 last March to $64,000 this April! Wowsers! BUT… since peaking in April, Bitcoin has fallen over 50% to...
Bitcoin Head and Shoulders Top? Watch This Support Level!
Last November, we highlighted a cup and handle bullish pattern on Bitcoin that served as a base for a big rally. All together, Bitcoin rallied from roughly $4,000 last March to $64,000 this April! Wowsers! BUT… since peaking in April, Bitcoin has fallen over 50% to...
Dow Jones Industrials Testing Monster Breakout Level!
The past year has seen a strong, persistent rally in the Dow Jones Industrial Average. Could there be further upside in store… perhaps another monster rally? Time to look at the chart! Today’s chart takes a very long-term view of the Dow Industrials. This “quarterly”...
Will Government Bonds Continue To Sink Lower?
US government bonds have come under pressure over the past year. And that decline has come to an important inflection point. Time to bounce higher? Or will government bonds continue to sink lower? That is the theme of today’s “weekly” chart from Marketsmith.com, of...
Is It “Timber Time” For Overheated Lumber Prices?
Rising lumber prices have been a major source of inflation concerns. It’s one thing when the price of lumber doubles… and a whole other thing when it goes up 5-fold! Yep, that’s right. Lumber prices have rocketed higher over the past 18 months, surging 5 times the...
Commodity Bulls Hope Australian Dollar Can Rally Above Resistance
Early 2020 marked a 19 year low for the Australian Dollar (Aussie, AU$, etc…), but since that time the currency has been very strong. And, being that the Aussie Dollar and Commodities tend to trend together, this strength has carried over to the commodities market as...
Crude Oil Cleared For Blast Off On This Dual Breakout?
Is Crude Oil about to blast off and hit much higher prices? It might be worth being aware of what could be taking place this month in this important commodity! Crude Oil has created lower highs over the past 13-years, since peaking back in 2008, along line (1). It...
Coffee Is Heating Up & Breaking Out, Says Joe Friday!
Is Coffee starting to heat up and percolate with other commodities? Looks like it! This chart comes from Marketsmith.com reflecting that Coffee ETF JO, looks to have formed a bullish ascending triangle of late at (1). Two-thirds of the time markets break out of this...
