Market is not random but unpredictable
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Commodity bulls poised to cheer if ‘King Dollar’ finally loses its crown, chart watcher says
A closely followed U.S. dollar index is threatening to put in a “double top” on the charts. If it does, it could offer a respite to beaten-down commodity prices, a well-known chart watcher said Tuesday. The ICE U.S. Dollar Index DXY, -0.82% , a measure of the U.S. currency against six major rivals, for now remains in an uptrend, and has been a “pillar of strength” over the last 12 years, noted Chris Kimble, founder of Kimble Charting Solutions, in a blog post. But a double top, if confirmed, would change the picture. He lays it out in the monthly chart below: image After pitching lower during the early ... (full story)