Long Term Picture Of US Dollar, Crude Oil And Gold

The dollar looks set to challenge 2013 highs.



Crude oil hit support with its recent move lower. I’m not convinced it will hold.


Gold is at a similar junction where the recent bottom seems too obvious. 



My best guess is that in the short term we’ll see dollar strength and oil & gold weakness, or sideways action in these commodities.


By Jeff Pierce from Zentrader, chart courtesy StockCharts.com


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