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US Dollar Looks Weak, Should Support Commodities
Commodities require a weak USD to do well. The USD chart currently looks weak. Moreover, the Australian Dollar continues to be bullish. We believe this combination is a great setup for us to forecast that commodities which should continue to do well in the short to medium term. It was a very volatile weak in markets and commodities. It’s one week ago that we wrote about wheat: Wheat: Among The Most Powerful Commodities In 2021 Wheat was pretty volatile, but still has a bullish bias especially because it’s coming out of a giant basing pattern. We buy reversals, we are very selective buying ATH or other ‘tops’. ... (full story)
